If it were me I'd fix it up to rental quality, no furnishings and rent to the first qualified tenant to apply (3 x the rent gross household income, no history of court with or debt to prior landlords). 

My efforts are in HOT deals.

You may not include income earned that is not on a tax return, an administrator or PHA may consider additional income in that household, a teenager may mow lawns or receive child support that may influence funds available to that household. 

I guess my question is more of a hypothetical if it gets to be more mainstream, since it’s become such a hot talking point for coaches, mentors, gurus, writers etc.

Normally, with that little cash flow, I would say sell if your market is hot and turn it into multiple properties, but you will be doing that with a much higher rate and 20 percent down.

Was this tenant that hot, that you would allow this to happen?????

Before it started, I had no idea whether this property would be hotly contested or whether I'd be the only one interested. 

It’s also softer and breaks easier causing hot spots.

Anything less than that and I’d risk losing a years worth of income to a bad hot water heater.

We are now upon April 2024, and at the rate things have been going, still have a ways to go (finish ducting for forced hot air, insulation, sheet rock, paint, flooring, kitchens, bathrooms, finishes, and anything I am missing to bring the units to whole).