People on this forum are obsessed with debt which sounds great until the market turns or you have a large unexpected expense or have over estimated your rental income.

After we completed demo we had some unexpected expenses.

What good are they if you can't ever make a claim, and they drop you unexpectedly and leave you high and dry even if you pay the bill every month diligently and never file a claim?

From what I’ve found, a lot of less desirable areas produce a better cap rate but may need a bit more fixes down the road and would also not be gaining any value when it’s time to sell unless the unexpected happened and the area turned around.

Prepare for the unexpected at all times.

:) I may need to add an item to my analysis for "unexpected acquisitions" to show true ROI on my properties!  

I am not 100% sure if it would have become an issue that particular day, but the rain did become significantly heavier that afternoon and with just a little unexpected wind, I could see it having become a real problem.  

I’m just trying to make sure there are not any unexpected repairs that will be needed to be fixed ASAP!

I would do it, but take out a bit more than you think you need to cover the unexpected. 

Interior, inspect ceilings (leaks) under sinks, drains, gfci outlets and smoke/c-o detectors.The heating system, water heater, electrical service panel and water meter photos are also included.Lastly, and very importantly, speak with the tenant and ask about any maintenance issues they are having.