First, any ideas to add cashflow to a property with minimal investment?

@Erik Heldt Have you considered a house hack with minimal accommodations for yourself? 

Are you planning to do a 1031 exchange or a trust deed to avoid/ minimize the property gain tax?

Legal Compliance: Make sure you’re up to speed on landlord-tenant laws in your area, especially concerning lease transitions and tenant rights.If everything checks out and aligns with your investment goals, this could be a great opportunity to have a steady income stream with minimal vacancy delays.

You will be able to finance multiple properties at once and minimize closing fees from doing multiple loans. 

Now I'm back to this vacant property in Canton and although I still think it would make a great MTR I rather focus on acquiring another property and putting my capital there.I'm currently weighing all my cashflow options for this Canton property and trying to find the best balance of additional funds and maximum cashflow.Here are the options I can think of:*Let PM take over and just LTR it (no extra capital, minimal time managing, minimal cashflow)*Find someone to manage the MTR (extra capital needed for furnishings, then either rent whole house or rent by the room, better cashflow)*Rental arbitrage (no extra capital, better cashflow than LTR?)

Staying informed about local real estate trends and market conditions can also help you make strategic decisions that minimize reliance on property management services.

With decades of experience I can say the vast majority of "cash-cow" properties I, my clients, associates and friends have had started off with minimal to near 0 cash-flow.

I used light floors and dark walls for contrast and light furnishings pushed against the dark walls for pop.

-Loan Extension Fees-Early Payment PenaltiesLots of good advice from everyone else above, but wanted to add this as if you can find a lender that minimizes these extra charges that can make a big difference