It seems like you have more pressing financial obligations.  

A buddy of mine lives in an even smaller town a bit closer to Wichita, and he rents out space in a similar setup -- the landlord accidentally turned it into a co-office type of setup - building was an old bank he got really cheap at an auction (think $60-70k) and he was getting around $2k or so in income from it, renting it out to a hair salon, my buddies online business, an accountant, one tech guy etc and he really didnt do much to make the inside appealing at all other than paint.After reading through some of what I posted below do you think this is risky?  

Do you prefer to steer clear of accidental landlords? 

I'm still fairly new to RE investing -- my experience is as an accidental landlord for 5 years, during which I still managed to make 6% ROI on my rented-out house. 

Anyone have any advice for pressing past this fear- I'm concerned we may get in the home and it need some huge unforeseen repair pushing our budget up by say $50K (worst case scenario). 

Hello BP,I pretty much accidentally fell into renting out my first home and that gave me the itch to get serious about investing.  

We were in a similar situation with cash flow when we became accidental landlords on our very first home, originally purchased for our own use.

I think you will be hard pressed to find a lender these days that will go into 3rd position.

For the money you'd be hard pressed to find a better bang for your buck. 

Little Rock does not get much press as other cities on BP, but it is hard to argue that LR is not a premium place to invest as the article points out double digit rent increases, low unemployment, strong job growth and low vacancy.