Also worth noting that rate isn't as important as people make it out to be.

My two cents for what it's worth.

A number of factors would effect my decision if I was in your shoes but one thing I can tell you for sure is that if your PM is telling you it needs a 60k worth of work then they are probably right.

It wasn't worth the savings. 

I think it is worth a search and a talk to a realtor about the area.

Even if this is perceived as a good deal, and the specific performance remedy were to exist you have to ask yourself is it worth pursuing?

Went to Seguin HS & UTA for my masters and undergrad My wife & I house hacked our way to our first rental property here in Fort Worth. 

.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

If you can convince your problem to leave early before court, it saves everyone money and a former tenant an eviction record..

Best of luck from Fort Worth!