I'm looking for another STF property that doesn't need to be rehabbed (which makes wholesale properties, BRRRR properties, and a lot of "Creative Finance" properties POSSIBLE but certainly less likely to work cleanly). 

In this business time is money and if I need to reach out to a possibly unavailable homeowner every time I need something, this will slow up the project.

That limits LTR possibilities IMHO to some degree.

By myself, not much would be possible.

Would love some guidance if possible. 

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

The example does actually reflect my situation but I tried to keep it as simple as possible. 

I would recommend seeing the eviction through to completion and using it as leverage to recuperate as much from the tenant as possible. 

One other possibility to prepare for is that the court may ask the two of you to meet with a mediator prior to the judge hearing the case.

Since you recently purchased, yours was reassessed at todays values and theirs are still working off assessments from years ago (possibly) and the people you bought from likely had an old assessment as well.