However if you have enough reserves, 6mo or greater then I'd say chance it but a couple of missed payments from the tenants and you have to foot the payments out of your own pocket.I'm all for taking risks but I think you really need to evaluate the age of the major systems so you don't get hit with a bunch of cap ex all at once as well as your reserves. 

Eg find contractors in ages out of state.

These requirements are solid, keep them: Application: Everyone aged 18 or older must complete an application.

The age-old question: "How do I get more clients?"!

I fund land flippers in all these states and at your age I would be hunting down a parcel now U want to eventually move to...

In Reno and metro areas, insurance companies primarily focus on roofs, the age of the building, wiring updates, and water pipes, as mentioned @Cameron Moore.

@Raul VelazquezI would suffix what others wrote by saying that you need to understand that real estate really is a longer term wealth strategy - even though that is what you say you don't want due to your age / starting point.  

I think another factor here in determining whether its a good investment is your age and your goals. 

I wish I got started when I was your age.

My gut feeling is it's going to cost around $4,000 to repair and has been there for ages.