Sometimes it's best to cut your losses and move on.

Managing real estate, and doing it well, is an entirely different story.I would keep your eyes open for a book that teaches you how to manage well.

@Andrew Caton Hey Andrew - Looks like your going about this the right way, you just need to find the right person/people.

But even with that, he needs someone to guide him or JV with him who isn't going to take advantage of his youth and inexperience.  

If you are a long term buy/hold investor that's wanting to invest passively this is a great deal in today's market.

This time the seller was anxious to get it off his books and sold to me.How did you finance this deal?

A HELOC could help temporarily if you plan to payoff the balance quickly and are planning to save on monthly payments in the short term.  

House Hacking is great way to go. 

The appraised value seems low and I am trying to understand the best strategy to challenge this value and the cost / benefit of going through the condemnation process. 

I’m self managing myself but the tax side of it is a little confusing to me but I’m recording everything involved as far as maintenance, traveling, expenses etc. just want to know what some people would do in my situation or what to I can benefit from come tax season  @Angelo LlamasI recommend that you find a real estate accountant to help you understand and prepare your taxes.Bigger Pockets is a great place to find a real estate tax accountant.