I would always contribute to 401k to get the maximum employer match, and not a penny more.Most workers switch employers ever 2-3 years.  

I see posts on here where people try to analyze every detail to the last penny.

Compared to term insurance I could die the day after my term is up and every penny I've spent in the past 20-30 years would be wasted because my beneficiaries wouldn't get a dime.

entrance" to my home before applying to purchase it I was so excited I didn't pay attention to or know how to assess damages: vandals stole the all the copper wiring, bootleg window installation (there are vines growing over my bedroom curtains), bootleg hardwood floor installation, salvaged & broken bathroom fixtures installed, non working electrical outlets, GIANT RAT INFESTATION, no central air or heat, broken sinks in both bathrooms and kitchen, giant forest overgrowing in back yard, brand new hot water heater not installed properly.None of what I listed above was too much to handle but if I would have assessed it before hand I would have had it taken care of in 1 week instead of 3 months.

You will save money over new, but to buy new doors (you won't be able to veneer over the detail on those doors or the crown) veneer all the cabinets, buy new crown, stain it all and then a bunch of coats of polyurethane, you will have quite a bit of labor into them.

Thus, if the tenant owes $1100 total on the ledger, you don't accept a penny short of $1100.  

It's outsized risk because you typically don't get to see inside the property so you don't know if it's decent condition or if someone has stripped all of the copper out of it.

I guarantee they will sugar coat it if they are too "I know I'm a competing broker, but that won't effect your bottom line!"

In your current situation, you can save up $30k - $40k in a year so if you invest in a property and lose every penny of it, you will be set back approximately 1 year worth of labor.  

(sorry for not sugar coating my opinion.