One tip: I always look at the view of the front yard and back yard online just to give me an idea of how they maintain the property.

My 3rd party managers have all used AppFolio and I have to maintain the books in QB or Xero (I use Xero).

I don't think it is a good idea to promote the idea that your property is somehow substandard or improperly maintained if this is the case. 

If you have not as much experience do some research on ETF's , low cost and easy to maintain.

If the septic is in good shape and is maintained well it can reduce utility cost dramatically for renters/OO's alike. 

That was 2014, house will easily sell now for $150K, thats 14% per year appreciation plus it PROFITS $800/mo in cash initially now its $1000/moI do NOTHING to maintain this property because its filled with families, who make good money.

The bank only maintains records for 6 years.  

One of the big items is that you'll need to get a lead certificate but otherwise it's not too bad as long as you maintain your properties.Also as you noted, the tenant pool in most areas Woonsocket can be "challenging".

I normally chat with attorneys about how to structure a client's contract to maintain liability protection while maximizing tax efficiency.  

We DO want to flip when the opportunity presents itself (to increase capital) but our main goal right now is to acquire about 50 units that cashflow at least $800/month so that we can maintain our current lifestyles while solely focusing on REI.