I can practically bring in tenants after some quick and basic fixing such as the roof, painting, carpeting and new windows.

., I know you're starting out shallow but this could turn into the deep end of the investing and 1031 pool real quick. 

@Brian, and that is a perfectly reasonable position to take, in my situation I'm in NYC, a very tenant friendly state, it's not unknown to be tied up in court for a year trying to evict a bad tenant, it happened to me, took eight months to get him out , situations like that can quickly mess up a positive cash flow, if I had a mortgage on that property I would have been in bad shape.

I've used this site for quick reference when I'm doing deal research. 

Just tell the tenant to put a couple fans on it and it will dry out quickly.

Would have a valid agrument that the property is not safe and habitable.

I feel like this property would offer a relatively safe environment to gain those experiences. 

I appreciate your quick response.

Talk to a local real estate attorney about starting an eviction for anyone currently living there.Be safe, take at least one intimidating friend if you decide to knock on the door.

Thanks @Brian Eastman for quick reply and answer.