There was only minimal termite damage to the wood which was repaired.

@Wayne Woodson In the short-term, I am looking to get my feet wet and would be very content to take my time, learn to do things correctly (minimize my risk), and enjoy whatever passive income that comes along with it.

I already added an additional term indicating if I pay 1k i can extend the term for like 3 months.

Ha it is an indication of a desperate seller who is willing to train any fish that bites.

If this is your first buy fix and resell I would suggest taking on something with minimal work needed.

Cleveland is defiantly on the up-swing and my guess is it’ll probably take about 4 to-6 years for its national perception to catch up. 2nd regarding turnkey and customer service expectations – I agree with Joseph and Chris, there should be minimal issues with a turnkey… that’s why it’s a “turnkey.”

As many of you suggested, they've all indicated they'll be leaving.

You can get a loan without working a formal job, but if you're relying on rental income it's going to be tough, and here's why.Typically when you report your rental income on schedule E to the IRS, the idea is to minimize your exposure and maximize your tax refund. 

What is the best housing market indicators?

Again just enough below market where you minimize the chance of your tenant vacating but not hurt your income.