You'll want to test the paint surfaces for lead.  

As for your partner, they need to also have passed the "use test" of 24 months out of 5 years above.

Get the plaster tested for asbestos.If renovations significantly reduce your profit margin, wholesaling the property to a more experienced investor might be more viable. 

I just tested JustCall, it was too slow.

You can buy another primary residence, and get the primary residence interest rate and low down payment options, as you see fit.There will be a BS test, since occupancy fraud is the most common type of mortgage fraud.

If you were to venture into STR I would suggest starting with one to test the market and see if it is something you would like to continue to expand into. 

As well as moving from higher cap ex exposure to lower cap ex exposure.Cash flow may go down but when the other components of the IRR go up ( appreciation, depreciation, and amortization of the loan) your IRR goes to the moon and more than offsets any drop in cash flowJust make sure you stress test and can withstand any drop in cash flow.

I wanted to buy several properties but I told them I would do just 1 small duplex to test them out and see if I like how things work out and then I would buy many more.I own several businesses but I had never had an investment/rental property yet.

First post to test the waters!

(Hydrostatic test needed as well)