Here’s my recommendation to get it under control: For a quick fix, start by sealing up any gaps using acoustic caulk around outlets, baseboards, or other small openings.

Would definitely recommend finding a partner who can help walk you through this if you decide to move ahead. 

Bigger Pockets is a great place for education and networking and is full of great content.I recommend that you check out the following resources:1.

I am the Vice President of OmniKey Realty, and I would highly recommend scheduling a tour with my investment team if you haven't already done so.

Could seller finance (not recommended) to reduce initial burden and spread it out over time

Refer to your state, city and county resources for any required items, or recommended inspections. 

@Jacob HavlovickBigger Pockets is a great place to find a real estate tax accountant.A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

When it comes to repairs, I recommend talking to contractors who can walk through the property for you and give you a solid estimate.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

So, your focus may need to pivot from high rental cash flow to little to no cash flow as a rental with an appreciation upside.I would recommend taking your $150K to $200K and securing a solid equity position in something that will cover its expenses and maybe provide a small cash flow, but then is poised to appreciate nicely over the course of the next several years.