Take this opportunity to upgrade your plumbing and electrical if needed. 

While I think it would be a great opportunity to learn, I’m worried about showing up with so little knowledge and potentially giving the wrong impression.Do you have any advice?

We currently own one rental property that’s fully paid off and are actively seeking new investment opportunities.

Quote from @Jonathan Greene: I like DealMachine because they have skiptracing including in Pro now, but I still think of it more for neighborhood canvassing and mailing (aka driving for dollars) than multifamily acquisition opportunities.

But, if you pay utilities, it might make sense to add a bit for the extra water / electricity.Personally, I would use this as an opportunity to tear up that 3 year lease. 

Are there good opportunities you would miss out on?

When the original wholesaler was unable to find an end buyer and the contract was canceled, I seized the opportunity to purchase the property directly.

When the original wholesaler was unable to find an end buyer and the contract was canceled, I seized the opportunity to purchase the property directly.

Pre-inspection, it appears to be a solid opportunity.

It's amazing as a market rate deal but I also want to explore the affordable opportunity.