The town isn't great but it's not horrible either.

Alternatively, I am hoping that if loopnet is a horrible place to search for properties, an experienced investor in the forum will be kind enough to tell me I am walking down the wrong path. 

This isn't horrible, but right now, I would rather have a SFR that has a total rent/cost equal to a plex.  

Banks are horrible to deal with, and I have never enjoyed doing business with them.

And sorry about my horrible punctuation, and sight/site.. it's late!

-Roof - roof has a leak -Tons of water damage - mold is horrible in the basement- Walls are all beat up with holes everywhere( looks like their was a royal rumble in the house) - Kitchen ceiling is cut open- bathroom shower wall is ripped open and ceiling of shower is cracking- windows are leaking - kitchen floor is buckled up from water damage- Both upper and lower deck are in horrible condition( i was honestly afraid to walk on it) - Outside molding around windows is cracked and damaged- all outside lights are broken- carpets every single one is ruined- Bathroom sink is shot- Kitchen cabinets all have water damage- And again ill say their is a big mold problem so i have no idea how much that will cost.The condo has 6 rooms , 2 bed rooms , 2 full baths , 1 half bath 1280 sq ft.

A horrible and expensive solution in most cases.These are very simplified descriptions of court actions and missing a lot of variations.

Well, if the carpet is in good condition and it doesn't look horrible, I would leave it be, but if you have the money it wouldn't hurt to go with hardwood. 

This is horrible.

If the area or tenants are horrible you can expect high maintenance and repair costs.