You need to decide if you can rationalize the extra cost, it is a classic MBA MAKE versus BUY question. 

That color scheme is classic-I would not mess with the colors.

I am a DIY landlord in a classic mom and pop operation.

Very true, Chicago has classic turn of the century vintage brick/greystone buildings, California style buildings built in the 60's & 70's, and as well as newer properties. 

.- If you forget the classic "location, location, location" and go just for cash flow, you risk losing out on enormous upside. - If you speculate and just go for upside, your property can and will bleed you and force you to continually commit capital to it. - 90% of single-family rentals are owned by people just like you - with 10 or fewer properties.

ADULT TWIST ON THE CLASSIC BOARD GAME: This adult board game is a hilarious adult twist on classic Monopoly gameplay WORK TOGETHER…OR NOT: This adult party edition of the Monopoly game has players moving around the board contributing to community projects…unless they can steal projects to get ahead WINNING IS FOR CAPITALISTS: Contribute to the Community Fund…unless you choose deplete it.

Classic deferred maintenance issues.

This is a classic Subject 2 existing financing scenario which I've done.

Appreciation,depreciation for taxes,cash flow,and principal pay down are the main benefits.Also if the area was going to be bought out later for redevelopment etc. is another value play.Everyone would like to buy no money down.I get buyers all the time on commercial properties.They try to do the classic "can the seller take back a 15% to 20% second?"

I am looking to start rehabbing and flipping, and I suppose I am the classic case: Very little money, poor credit, but a will to make this work.I am currently an applications engineer in a technology field, but I am hoping to build my experience and business to allow me to quit my job and invest full time.I suppose right now I am looking for a mentor...