I could probably rent the house as-is but I would hate for it to be an issue if there was ever a fire or something drastic.

The reason why, you're likely going to have issues with raising rents on your newly acquired tenants.

Wanted to get some thoughts from more seasoned small multifamily investors on a few items or any other suggestions:- Any specific pros/cons of any particular states in SE (TN, AL, GA, NC, SC) to consider?

Just to complicate things further, a capital call has been issued.  

Personally, I find BTRs to be more predictable with fewer ongoing maintenance issues, and they tend to attract high-quality tenants.

It essentially includes having a buyer for a specific property BEFORE entering  in a contract with a seller.  

I’ve worked with a few tools for property intel, and while no service is 100% accurate, some options have stood out for specific use cases:BatchLeads: They offer a solid skip-tracing tool with good accuracy and detailed reports.

By creating a process, you can prevent these issues from taking place and save yourself a lot of time, trouble, and money.

I do own two triplexes in Scranton, and I will say the one issue is that you are going to be taking care of the utilities normally if they are not on separate meters, which could take a good amount of money away from your overall cash flow. 

Hello Denis,I apologize for the delayed response; I’m new to the platform and still getting familiar with it.Let me quickly share a bit about myself.