You still have the cost of lease renewals, but that's minimal when compared to the cost of turnover.  

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.

Total cost of land and size?

Kudos to you for doing something to create a secondary income stream. there are 5 income streams in RE rentals, possibly six if you do things a certain way.The reality here is your model (buy box) is suffering from too high an entry and too high a cost of capital.

It was the best solution but it did cost extra. 

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

Most won't insure pools with diving boards or ones without a VGBA drain.2) Include the cost of a pool company to manage the pool in the rent. 

What financing strategy would be most effective?

., to 2.5x or 2.75x) since tenants won’t have additional out-of-pocket utility costs.

In the beginning I want to manage by myself to save cost.