Foundations are a big deal. 

Some have done owner financing with an agreement to pay all interest and equity splits when the home sells others have done it where they do a quitclaim adding their name onto title with the seller so once rehab is done the seller can't try and cut you out of the deal. 

With 40-60K in equity you could explore selling to reinvest but it depends on what deals are out there compared to yours

Quote from @David Ondrich: Maybe this is sacrilege to ask on BP... but has anyone tried both Privvy vs Bigger Pockets Pro for finding deals and analysis?

Additionally, many deals tend to fly under the radar, so networking within organizations like NARPM (National Association of Residential Property Managers) can help uncover opportunities.If anyone reading this is considering selling their property management company in Texas, feel free to share—I’m genuinely interested in connecting.

Instead of shelling out $60K for a $250K deal, maybe some of you can help me figure out (or give referrals) to title companies, etc, or give overall advice how to save me money from this enormous financial endeavor (closing the deal).Thanks!

If you purchase in a anti-landlord state, you'll likely have a harder time and deal with extended timelines if the need to evict comes up.

It usually works out if you have a great property because people will say "wow this is an amazing property for a killer deal" and youll end up with a glowing first few reviews if it pans out. then you are off to the races

For a truly passive experience you'd probably need to be an investor in private equity deals or be a silent partner on a project.

:)There are always some kind of good deal on furniture out there and I just have to pass because I am not currently looking to outfit another STR and I have no space.I would love to have a 10k sqft warehouse to store stuff when I find it so I have it @Patricia Andriolo-Bull