Hi @Aaron Raffaelli, you've gotten good advice here as well as some good options.

Have a steady 9-5 job but looking to branch into real estate investing as well. 

If you do want to move forward with this property, one recommendation I would get is to find a local contractor with experience that you trust and have him advice you on the scope of work that may need to be done as well as the cost it would take.

Or just go outside of the city to invest in Cabot, Conway, benton or Sherwood as well.

But RC builds in areas with good schools and those homes rent well.

Also, I wanted to convey that the type of investor I describe should on;y accept a quality tenant well above what’s typically considered acceptable in the industry.  

That was my impression as well. 

I’m committed to keeping my options open and continuing to learn about being a landlord to ensure I’m well-prepared for my first purchase.To improve my ability to analyze deals, I’ve developed a two-part plan:Join a local BP meet-up group to discuss my goals and support others.Continue learning and engaging with the BP forum.Thank you again for your guidance—it’s truly appreciated!

He's very active and knows the market quite well.

First time investor, hoping to obtain my first duplex soon, and this family land purchase is on the horizon as well.