Hi Matt,Both Ohio (Cincinnati/Dayton) and Texas (Houston) offer great opportunities for BRRRR, but the impact of location depends on cash flow, appreciation, and competition. 

Your best option is to terminate the current manager and switch to one with better processes and communication.

I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.  

By focusing on cost-effective improvements, investors can significantly enhance property value.By first Identifying which renovations offer the highest ROI—typically kitchens, bathrooms, and curb appeal. 

Quote from @Micheal Smoke: Hi, my name is Mike Smoke, and I'm an aspiring real estate investor focusing on multifamily and Section 8 properties in the U.S. as the barrier to entry is much much lower in terms of price compared to Canada and Funding options. 

Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

What are you offering?

You might have other options to explore to drum up liquidity (HELOC, Margin Loan, Policy Loan, etc) that can supplement your HYSA in the DP.

I would also ask them about cash for keys since I would initially offer the tenant this. 

If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  +