You can also provide for fees, your actual cost to complete the tasks, and reimbursement for possible municipal fines in the event the tenants neglect to take care of it. 

"Meaning if you buy a property, how fast can you sell it if circumstances changes. 

The bill does not prohibit "local boards of education from providing accommodations such as single occupancy bathroom or changing facilities or controlled use of faculty facilities upon a request due to special circumstances, but in no event shall that accommodation result in the local boards of education allowing a student to use a multiple occupancy bathroom or changing facility designated under subsection (b) of this section for a sex other than the student's biological sex."

Offering cash on certain properties is a must since getting a loan on severely neglected properties is very difficult due to occupancy issues.

Secondly, shouldn't an agent provide a CMA in this circumstance? 

Will smaller banks tend to work with you even in those circumstances? 

This is one of those pearly opinion circumstances but hopefully I can point out a few more things to think about.  

Good point @Dion DePaoli, can you post any resources to which provide some good guidelines for a proper JV in this type of circumstance?

There is no "right" answer to this question that will cover all circumstances.  

Sometimes investors neglect this and can inherit a problem tenant(s) with their purchase.I'm not too familiar with the market or neighborhoods in Stockton, but I can suggest some neighborhoods/zip codes in  C-class areas in Sacramento as well as provide information on the going rental rates to help you in your analysis.