The last thing you want to do is find yourself scrambling for money because windows start leaking or the parking lot needs resurfacing. 

I’m on an iPhone 5

A good way to lengthen the life span is to use 40 or 60 watt LED bulbsOld radiators will leak, especially with steam.

He just said it was leaking under the sink so just replaces the faucet, supply lines, and valves.  

He said ARV would be $120k..My agent scheduled a showing and the inside indeed needed updating, but it also showed a 30 yr old furnace, 10-15 yr old water heater and A/C, indication of roof leaks, tile work needed, etc.

.$350K pre tax, $220K take home...Purchase of $2M house, $500K down, $1.5M in mortgate, or $10K per month in PITI....So $120K goes into the house, leaving $100K for eveyrthing else...Now from $100K$40K in child care (because both parents are working)$60K left, or $5K per month...From $5K per month$1000 in utility /cable/iphone$1500 in food include eat out$1500 in cloth, hair, make up, all girly stuff$1000 in 2 cars, assuming you are driving ****** cars..Which leave you with $0 to cover everything from toilet paper to college fund to retirement.....Now, this is a fairly successful double income family, buying a middle class house in sunnyvale, after $500K down...

The "low end" is basically nothing but pictures with a nice camera (or iPhone these days) and posting the kitchen first, letting people scroll through, etc. 

You get into a better neighborhood (a place you would live -- I think its incredibly important to invest where you would choose to live, or could live in if needed) and get 24/7 hands on training of a property (versus showing up after the problem has occurred, e.g. a roof leak, crime, etc.), and STILL make your numbers on cash flow.I never encourage anyone to pump their brakes -- if the numbers work and it looks good, ACT -- but for someone in your situation, I think you would be better served taking a househack approach versus buying a mediocre property in a bad neighborhood, and hoping a lot of things go right.Good luck young man -- I only bring up the above as a Devil's Advocate.

The thermostat was installed, however this caused a leak in the ceiling. 

I think a triage system is best.For example, if something critical occurs, like plumbing leak, you want to respond same day to mitigate damages.