Some of the family-business real estate companies are starting to move from the (typically) patriarch who started the company in the 90s into the kids who are in their early 40's +/-.  

I typically focus on off-market deals, so I didn’t work with an agent to find this property.

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.

Exit strategies are typically, refinance into a long term loan and hold or sell it for profit.Cheers!

My vote is if you are going to continue to buy, you need to utilize leverage.

I got into RE investing utilizing the same strategy as you're exploring.

I'm currently reading David Greene's "BRRRR" book and I will be utilizing my VA Loan as a first home purchase (duplex) for my first home utilizing the VA Loan.

If not, I have a lot of local knowledge and the typical trends of many of the Atlanta suburbs.

That being said, your typical cost of capital is as follows:EquityAgency debtBalance Sheet local lenderDebt FundPrivate DebtPref EquityHard Money DebtBookie/Loan SharkOther things that will impact capital sources: are you wanting to finance the improvements, or will you pay for those from equity/cash flow?  

I've done a few so I'm typically offered 90% LTC.