I own several duplexes there and they’ve been solid investments with no issues finding renters.

Partnering with your sister’s wholesale business or working in a real estate-related role can also give you valuable hands-on experience.

Perhaps that was an issue with earlier models. 

There's a good chance the issue(s) you face has already been discussed and answered.Ask questions in the appropriate forum.

I’m interested in purchasing an investment property with equity I’ve developed in my current home, however I’m concerned that if I have an issue renting out the new home it can blow up in my face.

I see two separate issues.1.

Prices are still relatively low compared to many other metros, and rental demand remains strong.I built my portfolio to 12 doors there while living in Detroit (now back in California) and have seen firsthand how the right strategy can still work.

Don't just find out how it's all licensed and check on any historical issues with it, no you want to meet with local board members, find out how they really feel about the place and what the cities wants and plans are for the place.

A lot of maintenance issues are repeated again and again on all the properties a PMC manages.So, a PMC has pretty good idea of what many issues cost.

But if its not related to that type of water damage, the other questions ask about present tense issues, and not past issues.