Since I am entering this field in the latter part of my life (63), I do not want 'long-term' investments as I am not interested in making millions, but having enough for the remainder of my life to 'Vive La Vida Loca'!

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

How much did the rehab end up costing and how long did it take to complete?

Sometimes the long term capital gains are palatable and it may make sense for you to pay the tax rather than force a bad deal.

I have a house that’s a long term rental upstairs and a medium term downstairs.

We are committed to building long-term relationships with our clients. 

Too many people try something for a short time and are looking for the magic bullet strategy but the true winners in real estate are those that do one thing a bunch of times over a long time periodHope that helps!

The seller must think he is sitting on a really hot property, or the buyer is asking for too long of a DD period.

Those are long plays for me.

Thanks, I'm looking to get into short term or long term rentals for starters.