His background screening thru avail.co didnt reveal any bad info.  

It's always disheartening when investments don't yield the expected returns.I want to address your concerns regarding the property inspection revealing mold in the basement, which led to selling the property at a further discount…Firstly, I want to express my empathy towards your situation.

As every newbie LL/PM on these boards has revealed, there is a LOT to learn about a variety of laws; major routine processes; types of materials; contracts (all sides...tenant, management, contractors); financial reporting and management; construction methods; project and time management, and much more.

My lender is one the top 10 national banks by assets (can’t reveal who due to privacy concerns).

It's by far the best ROI I've had on inspections in my career.The inspection revealed a multitude of issues we had a hard time comprehending for such a new property. 

Quote from @James Hamling:Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail, Ray DalioLegendary investor examines history’s most turbulent economic and political periods to reveal why the times ahead will likely be radically different from those we’ve experienced in our lifetimes.AWESOME picks....start with Dalio. 

Finding out what market rents are in the area will quickly reveal if retaining the property as a rental even makes sense. 

No...a 1910 house will require more repairs than ever revealed from an inspection or walk-through. 

Sometimes they advertise a 9 cap but then the OM reveals that it's a projection, and they also show the P&L, in which case I'll go off of the in-place P&L to arrive at cap rate, which might be 8%. 

For a $450,000 property with a 6.625% interest rate, the principal reduction over 5 years can be calculated using an amortization formula, revealing a significant amount of equity built through loan paydown alone.Take a look at the table below.