Remember to save some money for capital repairs.

Based on an inspection report on one of the deals I worked on last year, I was able to negotiate over $15k of credits and repairs for a $200k house using a $400 inspection report for one of my clients.

., the specific procedures laid out by the SEC in Regulation D.  

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).

2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%.

Also, prioritize repairs over aesthetics if anything structural or foundational needs attention.

Delays, unforeseen repairs, and underestimating budget up front are all much more dangerous occurrences once a gap lender is involved. 

., mortgage interest, taxes, repairs, depreciation) on Schedule E starting when the property is placed in service.

Additionally house tenants bring more of their own appliance, like refrigerator, washer and dryer; which means tenants are responsible for repair and replacement of their own appliances. 

The current owner bought it for $30K and I know they had to clean up a lot of title work and started doing repairs.