I think we are going to hang in there for a bit and see how it starts to pan out (if the bank agrees to extend closing) we are not in a huge rush.....we never expected to close until much later in the year anyways.

Should I expect for this deal to not pan out?

The original house in this post didn't pan out - they buyer was in upside down and while house would have been great to live in, would not have made sense to rent out so I didn't buy. 

No tenants no toilets can utilize the land to camp on .. or enjoy in other ways..

I don’t want to be bothered with a $5 toilet leak, but I do want to be bothered about a $300 water heater or a $2,000 furnace replacement.I review every statement and every expense/income that I receive.

I set it up with the hopes of doing a bunch of c2c work, but that never panned out... so its there and I will be filing 2nd year taxes on it. 

The toilet is littered with poop and the sink is all full with some having dried on the vanity door as it leaked from sink.

Buy the Tenants and Toilets course from Fixer Jay Decima and the Rental Management course from Mike Cantu.Learn the local laws and rental practices. 

The toilet is leaking for six months (not major work), but they did not report (maybe didn’t want visitors).

Inspect the shut off value at the toilet.