However, in the last couple of years, GLVAR modified their PM agreement to include an option for PMs to collect fees while the property is vacant.  

There is risk in both options & as an investor you need to weigh those risks & stand firm on whatever you decide. 

Another option would be working with private lenders to see if they're open to your idea should you need additional funding. 

The house will need a new fence soon, so I'll have to factor that into the scenario.I'm not sure which choice is the best option for me.

Could be an option in your area.  

Hey James,Ah, I see where you're coming from—given the Chicago winter, cutting off electric isn’t really an option without risking serious damage like frozen pipes.

Hi Chris, there are several options you could consider, but it would all be based on your risk tolerance. 

Several options you can explore to get the down payment capital: Solo401k; HELOC on personal residence or from equity of the SFR; Cash Value Life Insurance Policy; Business Credit; Private Lenders, to name a few.

Here are the options that I have been thinking about:1.

You should have some options!