If you're hit with an unexpected repair you'll be paying out of pocket.

Keep in mind I’m draining my entire savings for this home (again, I may just be an inexperienced idiot so please advise) so the extra cash flow would be nice not only to build back the savings in case of unexpected future expenses but also to reinvest in a future home I would actually live in.Ok so what are your thoughts?

It added some unexpected cost but also several extra weeks in delay to what was supposed to be 'simple'.It's not that it can't be done, but the process involves much more than just knowing how to do some plumbing and drywall in order to get it to 'count' for the value.

I unexpectedly had two tenants break the lease and move out.

When making an offer is section 4b good enough to get me out of an deal that turns bad because of unexpected issues or contractor bids that make it not profitable.  

The cashflow is there to be profitable as soon as the unexpected repairs are over: tuckpointing, roof, water heaters, ****** kitchens.

And you'll have new cracks in unexpected places, old cracks that will not close, but instead enlarge.

I am mainly concerned with not being able to withstand setbacks or unexpected costs, such as damages/repairs, bad tenants, vacancies, etc.

I spend enough money on unexpected stuff, no need to go looking for ways to spend money unnecessarily.  

New floors, new cabinets, new outlets, new vanity, new doors.