And you are saying agents, the ones trained to do real estate are messing up the deal, and not you?

I think leveraging the initial property even further with such tight margins is a train wreck waiting to happen. 

While you’ll get your initial investment back, the first 5 years will be challenging due to the ongoing costs.Let me know if you have any further questions or want to explore these numbers in more detail—I’d be happy to help!

It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.

Being in the right area, especially near a popular train/subway station, makes a huge difference in the value of a property.

A VA can be trained to fill out contracts and paperwork anytime to free up your time.

The seller responded that since the issue was repaired and he believes there is no ongoing problem, he did not think it needed to be disclosed.When I asked him to extend the inspection period so I could follow up with the repair company and conduct my own inspection, he declined.I disagree with this interpretation.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

While the tenant is applying to have arrears paid, have the tenant apply for on-going monthly rental assistance.

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses).