Avoid common pitfalls like skipping due diligence, underestimating repairs, and overleveraging having reserves and a strong team is key.Good luck!

And the cracks mostly follow the drywall seams from what I can see, which is typical....And as @Patricia Steiner said, it doesn't look like a pro installation....You could ask the Contr to use a flexible compound if this happens again, or maybe even now...https://www.dap.com/products-projects/product-categories/pat...Like everyone else said, I'd have it repaired - by a licensed Drywall Contr. - and then just check in on it.

As you embark on this adventure, it's important to equip yourself with knowledge and a solid strategy.

Simplify the structure as much as possible, have clear roles and responsibilities that are not overlapping (meaning only one person is allowed to make certain decisions) and a clearly defined exit plan.

Quote from @Polat Caglayan: How much do I need to invest for a house and a thousand dollar income?

It also has a 1700 square foot finished basement, and a brand new 3 car garage, with 1100 square foot luxury apartment above.  

And a big Welcome to BiggerPockets.  

Equity from sale can go to the new property AND a DST/TIC tax free as long as I have at least a mortgage/debt of 225k on that new property?

Similar to your situation, investing in prime location is Raleigh area has also gotten expensive (not as much as Bay area) and as such, I extended my investment portfolio to nearby suburbs.

Seems like a big overkill - and to be blunt if you are new to real estate it is an overkill and a huge waste o f $