But again, if you're going to take it down to change out furnishings anyway, then the timing could work out well.

The decision to do a cost seg generally comes down to whether or not you can actually benefit currently from the additional depreciation.

I want to start smart and scale up as I learn the ropes, but I’m personally struggling to narrow down which area to focus on.If you’ve done this before, what advice would you give someone like me?

Quote from @Roger D Jones: SamEveryone here is providing great points to consider and if you were my son I would say that at 360k this 'dog needs to get put down'. 

I would like to purchase another property so I looked into a heloc and a cash out refinance and it looks like I would qualify for about 75000 max which would be enough to put a down payment on another property and rehab it, but I still haven’t paid myself back from the original property rehab.

Getting the rate back down to remove the incresed portion from the cash out refiance. 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

Start working towards a 5% down payment so you can house hack a MFH.

This step is crucial and can make or break the success of your investment.How did you narrow down your search to Akron and Cleveland?

Single family house, which required smaller down-payment and little cosmetic repairs.