I don't have access to comps in Littlefield, and hope to speak to someone that does. 

Having equity in your home is a huge advantage and a great way to access cheap capital to get started.

It is a suburb in South Jersey along the Delaware River, about 5 miles outside Philadelphia with easy highway access and available public transit to the city.

It's identical to mine with a few improvements already complete.

Your P&I payment would be lower improving the Cash Flow.2. 

Also you may wish to check out local investor groups such as Black Diamond REI in southern Mass and RIREIG in Rhode Island.Since you just bought your first property, I would recommend taking at least 6 months, 12 would be better, learning how to be a landlord of your first rental unit before acquiring another one.Learn about renting a unit out, tenant screening, collecting rent, repairs, capital improvements, handling moveouts, etc.

It would have been the buyers choice on how to access the problem and it it an undisclosed material fact possible hurting the value of the property.

Put comps and a list of improvements in his/her hand. 

I only have experience on the syndication side of things but the reputation of a operator is what allows us to scale.Websites like BP bring a level of transparency to the real estate investing marketplace that will only improve in the coming years. 

You usually won't have access to the HOA or CC&R docs unless you have an accepted offer and the seller's agent should provide them as part of seller disclosures.