Sure enough, the door was left unlocked and the house is just full of trash and abandoned junk.

People house hacking have far different expectations than someone buying properties with cash. 

Leverage equity, explore house hacking, and continue learning through books, podcasts, and local networking to refine your strategy.

I'm a house hacker too, message me if you want to connect 

Remodeling costs increase the property’s basis, while post-rental repairs are deductible expenses in the year incurred.An LLC isn’t necessary for a single rental but can provide liability protection as your portfolio grows.

Tenant chose to stay in house during repairs citing Renters insurance declined coverage.

I personally would sell the house - it's negatively cash flowing ~100/month, if you were to add in repairs/maintenance, CapEx, vacancy, rising insurance/property tax costs I would think you're actually losing more than you estimate (luckily it's new so you are on the very low end of that right now).

You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

Hey BP community, I’m looking into a potential flip in New York, and would love some insight from experienced investors. I'm looking to use a Fannie Mae Renovation Loan. The property is a single family home that is on...

Consider house hacking when rates and prices are a little more balanced with reality.