Choosing the right location is the most important, as well as understanding its risk/return profile and decide if you're ok with it.

Narrowing down your goals will help you better choose a market the fits your investment criteria.

Could also be things like a new laptop if the laptop is used exclusively to conduct business on your rental properties (make the laptop or other assets $2,500 or less to avoid depreciation over multiple years). 

It's important to choose that one and commit to using it.

Full disclosure I’ve only recently acquired a few properties so I don’t have years of experience I just know that when I was making my decisions on where to invest I did use that site, but not exclusively. 

You offered to let the tenants choose the repairs they would want to make.

You may be able to do the repairs yourself, but I'd encourage you to get the professional pest company to guarantee their work on stopping the termite issue.And, as others have said, depending on what the inspector finds, you can try to renegotiate with the Seller, ask for a credit, or choose to walk away from the deal.

@Kaias BlancoI will share with you some advice I got when I was about your age… maybe a few years older… I’m now 54… and this advice has served me well through the years; and it sounds so simplistic:   “You are where you are because you choose to be there.”What that means is that the limits as you currently see them are self imposed.  

Additionally, we are looking to connect with anyone who may be interested in acquiring the property should we choose to move forward with a sale.If anyone has advice or potential connections they could share, it would be greatly appreciated.

That way they can take advantage of the $500k personal residence exclusion.