agree not a drop in rental prices, but perhaps a drop in rental income due to increased vacancy (physical and/or economic), depending on the quality of the neighborhood and ability to attract and spot (through tenant screening) quality tenants ...

@Kevin K is spot on about why you should get an Architect.

You are wiser than you probably realize by spotting early on that a few hundred bucks a month in cashflow is not going to make you rich ... so many newbies dream of stacking up 50 units at $200/mo cashflow and think that that is how they will strike it rich ... even if that works, sounds like an incredible PIA to me.

There is a gutter missing, needs new screens on the windows and a new post outside and like I mentioned some mildew on the ceiling in the master bathroom and a leak spot on the first floor ceiling beneath the master bathroom.I dont think I will continue with this property.

You can use just a sealer but that has less UV protection, on the other hand you can't tell if you missed a spot. 

This account could be a great landing spot for any excess cash to grow in the meantime while you ponder your future goals.

I will be there a little later so I will investigate to see if I can spot what is being vented into the chimney. 

My realtor got the super long contract, we filled it out, 2 days later it was rejected for a set of initials in the wrong spot.

With skinny cash flow, a few unexpected repair bills or bad tenants could put you in a rough spot for cash flow.

Hi my name is Jesus,A cousin of mine moved into a trailer home in Avondale AZ with a buddy of his.So the guy is leaving and my cousin is keeping the trailer any advice on wether if it's worth it to invest money into this property...I was thinking of investing some money then rent it out...Rent for the parking spot is 400 a monthNo big repairs most of them I can do myself ...Thanks...