I would say the house could use newer appliances and a newer tub along with fresh paint job and hardwood floor refinished.

Also the rents are even a ways off from even 1% of purchase price.Did you already have an inspection or perform one yourself as It would seem that a defect free property would have more competition from buyers and with you using financing it is not like you have a slam dunk purchase from the seller's perspective either to like your offer more than others.

I am starting fresh and looking to do property rehab and flip.

If you want a national perspective then I'd say stay away from November and December but, as @jeff says you could use that to your advantage.

The nicer sides, like Summerhill, so far haven't been overly advantageous from a cash-flow perspective because prices are still too high.

That being said, we now have 2 pre-teen boys and things are getting tight and it is time for us to move on but it was good financially and for a learning perspective while it lasted.

If you want a CPA perspective, there is a CPA in Washington who has some free guides on both S-Corp and LLC's for all states. 

I much rather start fresh with new tenants than have to deal with this conflict.

I like to think that gave us a reality check and good perspective for the future on how much work a property might need and cost.

I know this is long, I am just wanting to get a bit of perspective before we actually have to deal with it in our home search.Thanks in Advance,Amanda D