If you see what went wrong and take much more care in the future with tenant screening, this will be your "high water mark" for bad experiences.  

Ideally (and in future), what you want to see is that after rehab, your Lender's appraisal would come in at say $130k (for this example), so that when you come to Refinance 70% of ARV (per the "BRRRR strategy"), you'd get back all your initial deposit and rehab cost, which would enable you to scale your buys much quicker than having to save your own $20k every time you want to buy.

If you are planning for the future, then this first purchase, is only a starter home, and maybe stay a year or two or three.

They don't adjust the claim property but typically hit you on the future purchases.

Future capex will be a new roof within 5 years and then replacing the boilers as they age out.

Try to find areas with sustainable employment, job growth, and population growth.

"  $475 for an attorney is not a bank breaking amount and yet can save you from a lot of future headaches and expensive mistakes.  

., you had a city inspector come out to inspect the property as a possible FUTURE rental. - great job, that’s a step in the right direction IF you were to no longer claim the property as your primary residence and to operate as a business!

Yes I could instead spend my investment money on a half-million dollar home and luxury cars but instead I choose to invest and take chances to set my family and I up in the future.

Limited monthly cash flow, but maintain good rate of principle reduction at 15K and say appreciation of property at 2% a year.Shortly after joining the Army I was interested in using both retirement accounts (couldn't contribute to TSP then) and real estate to prepare for the future.