On the one hand, if I were to buy this house, I would have it forever.

If I don't take this opportunity, I might regret it forever, even more so than if I take it and fail. 

I guess people thought 30032 will be on fire forever.

As far as DIY, painting will be tedious and time consuming, but if you break up the trim and the rolling between two people, it could take you a couple of days to paint a whole place, and it will save you a ton of money.

Banks are simply set up to accommodate consumers, not investors.

I'm assuming the deal is in DE so here's a useful link: https://www.delawarerealtor.com/consumers/file-a-complaint

Thanks Frankie,My boss knows a guy who'd been investing in real estate forever so I was going to try and run it by that dude today.

Now don't go and ask them what every single house on the MLS is worth but it's not a time consuming process for them.Finally, you said ON MARKET.

@Kevin Drouillard,You can easily tell how it's being marketed to a regular consumer-- just check to see if it's on the main ones, CL, zillow, hotpads,trulia, etc..   

Once your net rental income is 2.5x your personal housing expense, and you have no other consumer debts, and assuming you are only purchasing cashflow positive real estate, you can get a Fannie loan with "Landlord" as your job.