So you purchased it cash and just need the rehab $?

So my inclination is to have inspections.I'm just worried about something big and unforeseen going wrong, such as a pipe bursting underneath the house.

When was it built, and how old are the major systems?

If you get cat urine in the house, it can cost you 10x the pet fee to mitigate the odor.

It seems like the tenant is being respectful, following the rules, and is not being a problem so I think that is what you would tell any other tenants who ask, as long as you have seen the card.

23 days on the market doesn't seem like that long, especially since the holidays just passed.

If you're willing and able, I do recommend the "house hacking" strategy which is just a fancy name for buying a rental property and living in one of the units, because you'll get very favorable financing - an owner-occupied fixed-rate 30-year mortgage.I'd also say, analyze that property as if you won't live there and it's a pure rental, and make sure the property is still cash flow positive if there's a tenant in your unit because then you'll know if it's actually a good investment.And when you analyze it, include payment of a property manager in your #s because if you don't, and doing so would make it go cash flow negative, then you've just bought yourself a job because you literally can't step away from managing it without losing money.

Followed Energy credit.  

Unfortunately the court system will not follow laws. 

If you are just carrying it, why keep it if you know you made a bad deal?