So you may find that 10 years from now 10% for CapEx and maintenance is accurate, but for the next 3-5 years you may end up losing all of your profit to CapEx/maintenance issues. 

Your losses will probably be limited to under $500, which is nothing to lose sleep over unless you're under water for other reasons.

When you wait for the perfect deal, you lose time.

The good news is that you don't lose that loss.

Worst case you they see turds and call Airbnb and get you in trouble then tou get it treated by a pro and send Airbnb the Recipet (which you probably already had) and you lose the booking but won’t get a cancel on your record.

If you are going to hire a collection company and lose 40% thus giving you $6k why don't you talk to her, find out how much she would get from income taxes, and have her give you all that money to settle the debt.

I am never a fan of renting to the family of a handyman because if something goes wrong you will lose a tenant or a handyman or in some cases both. 

Raising Rents on Long Term Tenants requires 60 day notice with section 8 (while not losing a good long term tenant).

I am losing my mind trying to make sense out of how the bank can take our money for the house which relieve's them from the burden of holding it.

I feel like this is an amazing deal/opportunity to start my investing career and to purchase my first home and don't want to lose out on it.