In truth, that is really what I came here for.

Also, have you made any significant alterations to the property or if it were put on the market today, would it be indistinguishable from a standard 4-bedoom house (are there any extra walls for the SRO, constructed locks/barriers etc.)If its a standard SFR and the leases are very short term - there is a path that you could refinance this with a DSCR as basically a Short Term Rental and then potentially change strategic course back to SRO if needed at a later date

I can easily grade, gravel, and fence off the rear 2 acres for outside storage that would easily bring in an extra 4k a month.

Something draining cash that I propose to take over and pay the owner some extra cash, that I can’t understand.  

The truth is, if you can execute, BRRRR can work in all of those cities so it's a matter of preference - whether you prioritize cash flow or appreciation, price range, if you know anyone, school zones, etc.

I have been lurking on here forever, but just recently became a member so that I can access all the extras.

I don’t know what the rent is or how much longer he has on the lease, but $5k at a little bit extra every month would take quite awhile to make up.

Usually no extra cost to me.

@Clifford C Toth No, I don't rent them furnished, although in my market you can get an extra $50/BR for doing so.I have a 3rd party do the lawn 2x/month.

What else could you do with that extra $150,000?