It's a loose goal but I like structure too.I've been successful with some single family flips but they are hard to come by (much less predictable in availability and actually beating out other investors) so I am considering some longer term real estate investing. 

I use Jan Bounds at Clay & Land.

The offer was low enough I couldn't really loose.

So even when I wanted to get my feet wet and offered full price, I'd still loose out.  

If you are vacant 1 month per property, which usually, when I inherit tenants they are bad and leave within a year, you loose $1000. 

If you get sued and loose everything you own, are you going to feel better because you only own 1 property?  

It also has loose/damaged siding, security bars on windows that need to be removed, earth-to-wood contact in the foundation and siding, leaks in sinks, windows that don't stay open, loose toilets.

Purchase anyway and learn from a mediocre deal (not loosing money of course)?

I would like to add, that when we serve a section 8 voucher holder a NTQ because of being late on co-pay, or other unpaid fees (repairs where they caused the damages), we also notify the section 8 housing authority.We inform the tenant of this, and let them know they may loose their voucher if they are evicted for non-payment or destruction of property. 

If it is something that is bound to deteriorate over time, that should be built into the owner's repair cost figures.