I'm a former large cap commercial banker who now works in financial consulting.

I'm a CPA and worked in public accounting as a financial statement auditor for 3 years, and have since moved on to an accounting role at a large corporation here in town. 

If it’s the right relationship, that year compared to a life long foundation for financial freedom means nothing.

Tenants have to do the Application, financial details, lease agreement, check in / Check out sheet etc. good to have something in writing when taking over new property that is currently occupied.

@Jack B.From just a few things you mentioned, seems like this is a disaster waiting to happen.No real comps to speak of (I wouldn't count just the 1), not to mention it was $50k less.Tenants who are suspect. 

Then, I would evaluate my financial position and see what the best way of getting started would be (in terms of property cost, risk, etc...).

Many people are shifting to the financial side of real estate investing like private money lending, owner financing, tax lien investing, or note investing (non-performing and performing alike.) 

My theory is to follow Warren Buffet, who preaches to make money when you buy the asset, have the financial wherewithal to hold on to it forever if you could and always keep a margin of safety.

Here are a handful of things you get practice with: deal analysis - in order to actually find a deal that meets your financial criteria, you will have to hustle and analyze dozens, if not hundreds of deals.

Depends on how long you plan on staying and what your financials look like.