I bought my first property in North Jersey at the peak of the 2006 market - came to the closing with no money and walked away with $10,000, still own the home to this day - and it's still possible do near this today - so, it can be done with $50K or less (doesn't mean you should do it that way...) 

The mortgage company gets paid off first, then in a traditional sale, the rest minus agent fees and utilities and closing costs goes to the seller.

If you can get hold of a reliable and honest builder, you will be fine (that does not mean you will not go over budget).Low CapEx, Little Hassle, Quality Tenant, You can manage new construction out of state for the first 5-years, Tenant May Stay longer (because is a brand new house) are few benefits of new construction.You may not be able to get close to the 1% rule though.Goodluck

(So it’s their rule, not ours.)If you know you’re close then maybe contact me directly and I can tell you what some other investors were able to do to be able to invest.Continued Success!

It seems that the tenant has been there for a year or close to a year, probably since you bought the house in November 2023. 

Just close out that LLC and start a new one.

Fences, basic landscaping, tree removal can put some nice padding into your margins as well. 

Invest in a relatively close, lower-cost market.

Aside from the standard BR/BA count and square footage, I always focus heavily on the listing pictures for any comps I pull in my area - finding a comp that's as close to your property's condition and finishes will give you the best apples-to-apples comparison possible.I also wanted to second @Tim Swierczek's input: nobody in Minnesota likes moving in the middle of winter.  

In some states the annual fee is close to $800.