I think you missed;1- easiest and fastest way to sell their property 2- qualified buyers when given the opportunity of buying via seller financing won’t tie up ability.  

Starting with a turnkey is certainly the easiest first step for OOS investing but it all depends on your strategy and goals.

About half the time the investors bought something really crappy in a bad area and the experience you describe will be repeated over and over.The other half of the time this is just bad luck and things turn around because the property is in a decent area.It's really hard for anyone to know which situation you fall in because we don't know where the property is located (precisely), what exactly you've been doing in terms of repairs and maintenance, who's managing this property, etc. 

I'm guessing it would be more fee friendly if I was to take out the full $100k from the property then only use half for the down payment and save the rest for a future purchase. 

How much money would it cost to add the half bath?

If you're already in the accredited investor club, well, then I'd say it might be time to consider moving away from those individual rentals and leaning more into syndications and private placements.Anyway, if your net worth is north of half a mil, or even a million, then you might want to hop on the LP train sooner rather than later.

We have probably placed about 30 renters with Rhino policies in the past year and a half or so and have processed several claims against Rhino policies.

If math's hold, that's about half a million $ "opportunity cost" to NOT selling.

STR is half investment, half business; LTR is all investment.  

@Dustin Tucker - I would say that half of that statement is true because it depends on the time period when you buy.