By selling and reinvesting your cash in numerous properties you will easily out perform this property and benefit from the appreciation on numerious properties.

There are numerous items that need to be repaired but none are very big.

@Jessica Brown It amazes me that this question still keeps coming up after the numerous 20 page threads on them.

This creates numerous loopholes for parties to cancel contract and areas of stress and friction that can lead to transactions falling apart midway through.

Sometimes it helps to do a walkthrough with both an architect and a general contractor simultaneously because there is less room for error when drawing up plans. 

Bought my first house end of 2013.2014: Bought my first rental property in Fort Mill SC using traditional loan with 20% down, it was a 3b 2.5b townhouse, after learning numerous success stories in BP podcasts.2015: Bought 2 more rental properties in Fort Mill, similar sizes and still using traditional mortgage with 20% down, close to my own house so it’s easier to manage although I hired PM to take care of them for me.

Real estate agents, who work for brokerages, usually have errors and omissions insurance. 

I calculated all capital expenses that I could confidently identify and I ALWAYS left a giant margin for error (this was my first deal).

@Vivian Pena there are numerous markets in the mid-west that will allow you to buy reasonably priced single family rentals that cash flow. 

We manage a large portfolio and file numerous evictions each month on the 15th.