If there's any way I can be of use, I have a pretty unique skill set that includes proficiency with computers, automotive repairs, as well as writing/editing. 

The new repairman says it's the compressor and it will take 2 weeks to repair. 

In order to finance your purchase AND repairs (work completed up to that point), you will need to have owned the home for 6 months before you can use the new appraised value.   

@Brad Penley some suggestions I always try to get my client to take when buying a property that will require flood insurance due to your loan is, 1) make sure you understand if the property has ever had a flood, If so what year and how the water got in the structure and if the damage was repaired, also good to know how much the claim that was paid.

You wont have to go in and make repairs/paint etc.

A lot of quality commercial properties are sold off market.

I picked up a house on the weekend that will be at 54% of ARV after we do the repairs in a market where people say “you can’t find deals like that here”.

Rural rentals attract very much lower quality tenants.

Since the rents make the mortgage payments I want to say keep it, but any CapEx and repairs (already had to replace both AC units) come directly out of pocket. 

I would love to find some government grants or low-cost loans because our town needs good quality rentals.