@Joel Owens I think you're overlooking the fact rent control helps landlords who know how to game the system.

Tenants are learning more and more of this procedure (and are even shown a video preempting rent court how to do so) and utilizing it in order to escape judgements and eviction.

Must of been from all those 6 am hockey games I had as a kid...haha-Emerald

The game changer is that it appraised for $180K and we all know that there are actually 3 certainties in life; death, taxes and that eventually, ALL real estate must change hands.

Consider playing it safe if you are new to the game. 

I would say just look into your game plan.Whether to keep it as a rental or not would depends if its a cash-flowing asset.

If going this route, it's mostly a numbers game.

Ok, now that you have taken your initial step, below are some quick links to get engaged.You mentioned an interest in flips, house rentals of SFH and duplexes so I added links on those niches.http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/ (how to buy a rental property) http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/ (step by step guide to flips)http://www.biggerpockets.com/renewsblog/2014/07/19/how-to-buy-a-duplex/ (guide to buying a duplex) http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

Ok, now that you have taken your initial step, below are some quick links to get engaged.You indicated a strong interest in wholesaling and as such I added a guide below to get you engaged.https://www.biggerpockets.com/renewsblog/2015/01/3...http://www.biggerpockets.com/startherehttp://www.biggerpockets.com/meetSetting up Keyword AlertsHow to Use @Mentions on BiggerPocketshttps://www.biggerpockets.com/ruleshttps://www.biggerpockets.com/inviteshttps://www.udemy.com/biggerpockets-real-estate-investing-course/ (video with 64 lectures and approx 6hrs of material)https://www.biggerpockets.com/real-estate-investing (Ultimate beginner's guide to REI)REI can be very daunting, but, before you go searching for that 1st buy, please take a few minutes to bone up on the tips in link below.https://www.biggerpockets.com/renewsblog/2014/12/19/real-estate-investing-success-smart-tips/REI books suggested by BPershttps://www.biggerpockets.com/renewsblog/2015/11/13/7-real-estate-books-beginner-investors/ (7 absolute must read books for beginner REI)http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/?

CL was the only real game in town for a long time, but the usability has always been pretty crappy (the previously-mentioned flood of listings for a single apartment, lack of ability to search in more specific areas, etc.)