Move forward with eviction proceedings. 

If you move walls and remodel kitchens and baths, hire subs and do it yourself.   

Good luck moving forward.

A few others have me mentioned other rust belt cities reviving because of cheaper housing prices, rising rents, and new business moving in.  

I've also held of holding properties in individual LLCs that are owned by one S corporation, which allows for a 60 / 40 split between ordinary income (regular tax) and dividends (capital gains tax rate).With the goal of minimizing taxation and liability protection, what would be the recommendation from more experienced people here?

Looking to net 4 figures a month in cash flow with this unit - the goal is to close 7 more by the end of the year - let's see how it goes. 

If you did not move there what would it rent for? 

No one (ask the people who had to move out of their home due to insurance costs) is predicting insurance costs doubling, tripling in 2-3 years.

Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.

My bank already approved me at 7.49%, which is quite high, but manageable.I like the idea of using hard money to close quickly and then refinancing later, but my main concern is speed , I’d need a lender who can move fast to secure the deal before the seller changes their mind.Appreciate your insights!