It is condemned, the owners are hoarders, the husband is fighting for his life with cancer, they're doing a several-month-long-DIY move to Tennessee that they must be losing money on.  

I am a do'er and don't mind getting my hands into DIY projects on a property that needs work, so I am really hoping to invest in the next year.

Monday.com, Asana, REI/kit, Flipperforce are some examples.

Based on your description I'd suggest starting by reading the book: Who Not How https://a.co/d/eLZv7lFI think we all start off more DIY and getting our hands dirty.

The answer is yes and yes - you should be able to do a DIY CSS (using kbkg.com/residential-costsegregator or diycostseg.com) for under $500.You do need to couple your question with the other ones mentioned in replies here - will you benefit from it, will you be able to use all those accelerated deductions?

The house I purchased is in decent shape on the interior as far as lead, nothing I can’t DIY.

That rent would have easily covered the cost of hiring professionals, the job would be done better, and you would have saved yourself three years of blood, sweat, and tears to focus on your next investment.There is a time for learning and DIY, but you have to be smart about it.

Mostly doing DIY value add.

Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.

So, an owner insisting that a PMC give them confidential applicant/tenant information, often proves that an owner who THINKS they can DIY manage, has NOT done their homework regarding all the legalities involved in managing rental properties!