Based on its price and rental income do you think it is worth it?

In that scenario Section 8 tenants are the least risky tenant base.

Targeting returns with REI is based on market analysis.

I have been with certain investors that deemed a place horrible and violent based on nothing but the people they see. 

Earnest Money DepositAnd if you want to cover all your bases, you can also consider saving for an earnest money deposit (EMD).

In the end, it would have made more sense to hire a couple handymen for a week or two than me spending 3 weeks installing flooring, base and case.

From my understanding, based on my experience buying and selling properties in Texas, any known repair or damage—even if resolved—should still be disclosed, along with a note explaining that it was fixed.

Upon passing these checks, we can use a state-based lease template or re-use one we've already adapted with our specific lease requirements.

@Ken Sanders Here in central PA you could use S&T Bank and Members First Federal Credit Union can offer both Lines of Credits based on equity you have on an investment property (80% LTV) as well as business lines of credit. 

Quote from @Gefter Chongong: Hello,My name is Jeff, and I am based in the Washington, DC, Maryland, and Virginia area.