Part of your due diligence is gathering the trailing 12 profit and loss, rent rolls, property disclosures, etc. 

I am a loss mitigation specialist trained by HUD and can help clarify.

Unsure in your state, but the MLS's I am aware of are tightening restrictions on "assistants" using MLS...an unlicensed individual is not permitted the same liberties, like managing property, submitting offers, or showing properties...and violations may lead to loss of licensure...just be careful3.

Here are some examples:This is your General Profit and Loss Report.  

New houses grow old with renters.. it will never look better to put on the market than now.The "wanting to get experience as a landlord for this type rental.. a SFH is marginal for just this one property" better to take a class at a landlord tenant association so your prepared more to do that in the future.Personally I'd sell if the tax guy thinks it's wise to do, otherwise the depreciation and losses you may have renting for the next few years might offset and keep it about a even trade off to sell later.

If this is a great tenant who pays on time then will finding someone similar be easy and quick to limit losses? 

The disadvantage of the this coverage is that in a full loss or a partial loss, the company is going to deduct for deprecation. 

Even though my Profit and Loss Report by Class would show I took a loss on a building or a unit, my checking account never got into a negative, due to the money I placed in Escrow to cover such things; therefore,  tenants not paying rents, vacancies,  damages, and the other things I've mentioned above. 

I am kind of at a loss at what to do.Any help would be appreciated! 

I would imagine that as an individual, you would probably need a limited power of attorney, then you could call the loss mitigation department (or whatever it is called) and discuss on behalf of the seller.