I know in Washington state, unless your licensed plumber or electrician you can't do the work on your own property and sell with in a year.   

Mostly, because the property was difficult to obtain bank financing.

Typically 1k and up depending on property value and competition for taking it off market.

For investment property, I would say commonly you are going to have 80% to 75% LTV. 

A DSCR loan allows investors to qualify for real estate financing based on the property’s rental income, not their personal income.

They inherited the property from his father, ran the home for many years, are facing some health issues and are retired.

Additionally, I am in the process of closing on a commercial property, which requires a $300K down payment by October 15.If I settle the tax bill, I won’t have sufficient funds for the property down payment. 

You just have to enter into any discussion on a property with what you are trying to accomplish. 

This allows someone to pay a high price, but get into the property without a lot of cash. 

For example a tenant has to meet certain qualifications to be able to rent your property: income, credit score, evictions, rental history, criminal history, etc.