The cleaning and repairs cost a conservative $2,000 because you did all the work yourself.

You should only be liable for tax on any appreciation since you inherited the rental (minus the cost of your improvements). 

% rate buy down, closing cost seller credit,  lower sales price ?  

Finding a condo that allows Airbnb/STR will be challenging, they're rare and cost more because of it. 

For example, should we focus on acquiring one high-quality property in a strong market, or would it make more sense to spread the investment across multiple lower-cost units in emerging areas?

You may be able to see if a retailer still sells the 2024 version.If you can't get the one time purchase, you would need to see if the cost is beneficial.For real estate -  Quickbooks desktop > Quickbooks online because you can set up multiple entities within quickbooks desktop and not pay an additional cost per entity that Quickbooks online would charge you.Best of luck! 

If you are looking to buy in PA, its possible you can qualify for PHA KFIT program that gives you a 5% closing cost forgivable loan.

I also suspect inflation will drive continued migration to lower cost of living / lower tax states.  

Imagine if it cost 1000 to send out 50 letters but half of them responded and half of those wanted an offer and half of those accepted an offer and half of those closed and half of those resold for a net 50k. 

I said that buying off the MLS at full cost, using secondary lenders for the down payment, closing costs and cash out was foolhardy.