I know that the general guidance is that emergency funds aren't to be invested, but given our financial security and the fact that we already have a personal e-fund in a safe, non-volatile location, would it still be crazy/unwise to invest this 15k in an S&P500 index fund in a brokerage? 

Your old carpet did not become more valuable over the seven years you owned the property, even if you are selling for a gain.

So, threatening that means the tenant could lose something they waited years for and is very valuable too them.

Additionally, if there are any contractors in the Fort Lauderdale area who can provide an estimate or guidance on this type of conversion, I’d really appreciate the connection!

Here’s some guidance to help with your next steps:Hard Money Loan: Hard money lenders can often cover both the purchase price and some rehab costs (up to 70-75% of the after-repair value or ARV).

Then, if or when you decide to sell, you’ll have valuable insights to apply as you roll those proceeds into your next investment property.

After listening to hours of the different BP podcasts, I decided to just go ahead and join so I can have more community for guidance and learning and moving towards my first deal.

Hello Preston,Thanks for the advice and valuable website.

I’ve seen many buyers successfully execute this strategy over the years, turning such properties into valuable investments.

A PM sends someone for maintenance and that's valuable info on how the house is being treated.