I would suggest something to the fat like " Upon purchase, buyer assumes all responsibility of property and ....

As long as you are using debt wisely and not over-leveraging yourself, then there is nothing wrong with leveraging the excess cash you have now to fund your growth with additional debt .

I would rather buy two 100k homes and use the excess return to rent instead.

For example, I expect my portfolio to remain mostly real estate (>80%) until/unless I build a net worth well in excess of $1M. 

I have a job that I really enjoy, and am really just looking to supplement my income, and use my excess time wisely.

There are many factors to making the right purchase other than the +CF or a fat Cash ROI.Bottom line, it appears your deal is struggling on the CF to start with, so my $0.02, move on.

Predatory dealing includes taking excess amounts of equity from a property owner. 

Only reason it cost so much is I had to special order one counter.If I ever have an excess amount of time to plan a kitchen I'd like to try out that LilyAnn cabinets online. 

Timely rent, no damage, no excessive complaints.  

My lease states "Landlord may deduct from the Security Deposit, Any unpaid rents, court fees, locksmith fee if keys not returned, utility bills, late charges, court costs, damages due to breach of this agreement, and damages to the premises by Tenant, their family, agents, employees, or social guests in excess of ordinary wear and tear."