. * I always walk through property to make sure it is in great condition, and do the fix as soon as possible.I would schedule 1-2 time walk through to units anuualy to make sure the tentants are taking good care of the units.  

Cable boxes or cell towers outside you obviously can't fix, but  it could show a possible  non-paranormal source of the situation which might put the tenant  at ease. 

Plenty of fix and flip opportunities in both residential and commercial still exist.

The seller likely stands to lose much more than you do if you walk... make em fix it, but don't think for one second a smoker is going to "stop" smoking no matter what a piece of paper says.

I went to fix something today (they did not know i was the owner) and saw 2 dogs in the backyard with a beware of dog sign on the fence (that was not there last week). 

Even though holding a property as a rental will appreciate over time, you still have the asset in the long run.If the owner that you're lending the house to goes bankrupt or something happens, you still have your asset that has appreciated over time where you can repeat the process on a higher ARV home once fixed up a bit, basically

Someone falls and breaks their neck because you didn't fix the handrail.

Shes currently in a ballon fixed rate loan from a remodification and we will not have the money to pay off the deferred amount of the loan at the loan term which is in 18 years.

We are struggling with whether or not we should purchase a multi-family property and live in one unit and rent out the other or purchase a fixer upper for around $20,000, fix it up, and resell it.

However, your payday sounds substantial and if you step out, you loose the upside if buyer defaults and just have to step back in and fix it.