Alabama is very business friendly and there isn’t nearly as much competition there as some markets.

You may be able to see if a retailer still sells the 2024 version.If you can't get the one time purchase, you would need to see if the cost is beneficial.For real estate -  Quickbooks desktop > Quickbooks online because you can set up multiple entities within quickbooks desktop and not pay an additional cost per entity that Quickbooks online would charge you.Best of luck! 

$10K savings to you or higher cost to you? 

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Starting with house hacking is a smart move, especially in a higher-cost area.

If one tenant has been in there for that long, there will also be some serious capex and turnover costs.

I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.