If you buy one for one Tenant you need to be prepared to provide for the other tenants as well.  

I have a question reference tax preparation. 

Next search out the best deal, have some of us here on BP analyze it with you based on your goals and skill set. then Pull the pin. its quite simple. i would say the most important thing is to get your money figured out, how much you want to spend, how much you have to spend, and if your borrowing, from who, and what the best terms are. one of the best exercises i do is prepare a "Personal Financial Statement" it helps you understand your Net Worth, its kinda like your report card for a banker, it shows how responsible you are with money, regardless of your income.  

If you wait until you are prepared, you will never start.

Get a new agent so you are prepared to pull the trigger when the time comes

But you should be prepared to pay them yourself.You should also have a reserve for emergencies during the first year!

You many have to pump up your income to qualify for the loan you want/need or find a co-signer.If you have not already done so you need to 1)  reach out to an agent and get a listing alert, be prepared to make an offer same day, you can always pull your offer if the property does not pass inspection.  2)  you will also need to find a loan officer or mortgage broker to get prequalified for a loan.  

Surprisingly selling lower price point property is much harder then median price; I would try and sell it to the tenants, maybe even with a lease option, which gives them time to prepare for a mortgage.

💥Most Importantly, remember to think in advance and prepare thoroughly for the persuasion conversations you have.

I consider my house a long term investment and budgeted for these - in your case it sounds like you may have limited funds outside of the inherited property - are you prepared for potential additional expenses in the next 3-5 years?