I plan to start by investing in a SFH to get my feet wet and then growing my portfolio from there.

See excerpt below from the code.R308.4.5 Glazing and wet surfaces.

Using LVP was a smart choice—it holds up well when wet and is cost-effective to replace.

As a result, we have significant water damage to the floor and rugs in that 2nd floor bathroom and a bedroom, plus there is even more significant damage to ceilings, walls, furniture, and rugs to 2 bedrooms on the first floor.Our initial goal is to dry as much water as possible with wet-vacs and dehumidifiers.

First the obvious, look for wet areas around all of the pipes.

I wanted to get my feet wet in the commercial space as I look to grow my portfolio and negate risk with more units.

If you were me and just needed to get started and get my feet wet, what would you do?

Don’t be fooled by high occupancy numbers if people aren't coughing up the dough on time.

OTRCH operates a couple of what I call "wet rehab" centers meaning congregate housing for persons otherwise homeless and there are several other agencies like "First Step House" etc. that might be interested in a presence in this block.Or you could cut your losses and put it back on the market under the "greater fool theory."  

Starting small, like with a duplex, is a good way to get your feet wet and minimize risks.Good luck!