The situation and relationship quickly deteriorated.

Granted, I was self-managing, but when I had a PM and was OOS, the building rapidly deteriorated.

It is possible the house will deteriorate more slowly than it will take you to earn your equity back out and that renters are used to these issues in rental properties in the area and accept them so you will have no problem getting tenants.  

Over time I've come up with an internal barometer scale for tenants:Great tenants: pay rent early every time, virtually no service calls and great flexibility when there is a service call, keep the house neat and clean all the time, have great communication, keep me in the loop on anything that matters/might matter to me (neighborhood, things that appear to be deteriorating on the house, etc), stay more than 1 year, leave the place so nice turnover effort & cost is virtually nothing.Good tenants: pay rent on time, keep the house reasonably presentable, minimal service calls, stay for at least a year, turnover cost and time is not excessive - usually just cleaning, replacing a couple of blinds, etc.Satisfactory tenants: pay rent on time but sometimes needs prompting, house is sloppy and full of too much furniture but not damaging anything, occasional BS service calls, occasional stupid complaints, not ideal turnover but not ridiculous damages.

I have a 6 unit building with deteriorating roof and siding that was damaged by wind and hail. 

Black stains can also appear in toilets from deteriorating rubber seals.  

Made a little progress by having realtor meet with tenant to discuss next steps however things have deteriorated.

The house deteriorated for years.

Does this likely just mean more jobs to the area or could it be a foreshadow of deterioration??

Today my lender called me saying that their rates are seeing a bit of deterioration.