Those are all really expensive items and can easily add up to $35k+ per unit.

If necessary, as in for larger-ticket items, get "a couple two-tree" contractor written estimates and get your price reduction.  

Usually in normal conversation about who will be moving in people volunteer the info in a way that tells use the relationship between possible tenants. 

If they are a live, you should be able to find them, but getting them to have a conversation with you might be a bigger challenge. 

"I'll only work with someone who invests" is just an objection that people throw at you that can easily be overcome by any or all of the items above. 

What seems less likely is that the landlord (from herein referred to as "slumlord") will want to fix the minimum items necessary to allow the property to meet FHA guidelines.

Repair Estimation/Budgeting - Ability to create detailed Scopes of Work & repair costs budgetsBudget Tracking - Ability to track your actual expenses against your initial budgetScheduling - Ability to create a project plan & track project progressChecklists/To Dos - Ability to track daily to-dos and checklists of items that need to be completedCalendars - Ideally all of your Schedules & To-Dos feed into a Calendar that you can use to manage all of your projects in one location.Document Management - Place to store project documents and photosHere are some Project Management tools that you might consider: Trello/Asana/Zoho Projects/Basecamp - General project management software that includes tasks, Gantt scheduling, calendars, project forums, document storage & team collaboration tools. 

From my initial conversation with the lender he said his interest rate would be around 7%.

Me and my wife own two duplex conversions and we are looking to do at least two more this year. we are interested in meeting like minded people in the Peterborough area. 

I have a mentor that has been investing in real estate for 20 years, and following many conversations, I got the itch!