First investment property-need opinions!

[Brandon Birmingham]

I am fixing to close on my first rental property. The bank did 75% I put 25%. The bank loan is 14,500 and my cash is around 6500 after closing and insurance. The home as is value is 25,000 with repairs that i listed for the appraiser 29,000 after. Even though In my opinion doesn’t make since. The repair cost is going to be around 5,000. The overall rent will be 750 a month and the same tenant has been there 13 years. I was looking at options to get the money for repairs and options for the tenant in the future rent to own or a lease with the option to purchase. I am in the military as well. Looking for opinions and thoughts for the next step. I have a few plans in mind, but I want to see if anyone has thoughts and options, so that I choose the best routes. Thanks to everyone who responds it means a lot!