This caused a historically unique opportunity for investors - they could buy Class A properties and immediately cashflow when renting them out.This couldn't last forever, and it didn't, as excited new investors drove up prices.

Should I invest something long term(ie stock market) or is there a better short term opportunity that I’m not thinking of.  

@Kristin MathernI would pay it given no keys were provided, it wasn’t specifically addressed/mentioned in your lease, you were provided the opportunity to address/fix yourself with a 25-30 dollar replacement from Lowe’s/Home Depot, and lastly, it was an existing situation that could have been avoided/prevented at move in.

Memphis is full of opportunities; whether you're looking for properties that are cash flow or appreciation focused, or both, the Memphis market will always have something for you.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

So, if you don't know how to build financial models, there are some available that are pretty good online (adventures in CRE is a great resource).  

It sounds like you have a great opportunity to maximize the value of the property with the right investment.

What I have researched several months through online forum in Japan is telling me the same thing.

Also, make sure to keep your eye out for seller financing opportunities. 

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.