I have several flips under my belt and it's time to acquire some rentals, and this deal looks appealing. 

Cons: my grandfather hack jobbed most repairs. leaking roof, stoop and porch need redone, lower unit kitchen needs complete remodel, 4-5 coats of paint on all walls, reoccurring mold in 1 bedroom and same bedroom needs insulation, upstairs unit you can hear anything and everything, all doors are original that came with the home, also have 4-5 coats of paint on them. small cockroach pest problem (not severe YET), Bathroom needs remodel and sewage lines need repair.

I had several properties I bought in 2008 that subsequently lost 1/2 their value.   

There are several posts floating around these forums.Figure out what your criteria are. 

There's several potential threats to the neighborhood and particularly our street but I'm not sure how much they would affect the rentability.  

Hello - I am looking to do a 1031 Exchange and utilize all of the proceeds from the sale as a down payment on several new properties. 

You can find several products that can be attached to a window which creates a second egress (think emergency rope ladder) these are cost effective and can be stored in a case as to not be messed with.

Now you can grow and limit your use of debt but you are severely hamstringing yourself.

For several years, I have self-managed my growing portfolio.  

I would suggest shopping this to several markets.