My background in real estate investing is pretty short; I actually halfway stumbled into being a landlord recently when I rented a house I bought a few years ago for personal use because I moved out of Mississippi for work and have not been back for over a year.

I'm flipping a house currently (I'm pretty new to the profession), and I just recently found out that the old floor tiles are almost definitely asbestos tiles.

Even landlord friendly states usually have pretty severe penalties for misappropriating the security deposit. 

hmm, also the driveway may an issue. right now it is a pretty narrow driveway between lower house and the neighbor house.

@William Jenkins, I understand your personal preference but you're making some pretty broad statements that just don't jive with reality. 

I run the risk of having to do some pretty expensive electrical updates (the structure seems to be built to code and no outstanding issues that are obvious) as the house was built in 1978 and the addition doesn't meet current code as far as number of outlets, separate circuits, and arc-fault circuits installed.In the current market I'm thinking I could sell it as is and probably offload it with a $10-$20k reduction in market value.

That's pretty high.

Pictures are pretty easy to accomplish. 

I use Buildium property management software but they're pretty expensive for a beginner.

I've used LendingHome three times so far and they have been pretty good but some of their processes can be a little frustrating and some of their costs have increased lately - $200 draw fee (average is around $150) and their underwriting fee is $995.