I was in a Gainesville Meetup group and now I’m finally semi established here to reach out again on BP.Some background on me.I have 1 SFR and 1 Duplex in Gainesville FL.

I have been interested in getting into real estate investing for the past year or so and feel I am finally ready to take some big steps!

It's a process that includes both the research of risk in a transaction, and finalizing the acceptance of that risk. 

I would want to nail that down with Estoppel certs and walk if it turns out the seller is trying to dump his problem in your lap.

Finally, start the rent high and come down if you must.

Finally, I would love to connect with anyone in NYC who invests in out of state.Thanks for the help and I am very excited to be a part of this community!

Save that capital for a property.And one final thought: consider buy and hold.

To quote carpet you really should just have someone price it and charge that amount.As for holes, in my state nail holes are normal wear and tear, whereas anchors for heavier items like TVs are not.

Erik W Nailed it.

In the future, always do a final walk-through on the way to closing, and write into the contract a monetary penalty for failing to deliver possession by closing date (I use $250-1,000/day depending on the value of the property).