In your new hole, supplant with a high quality mulch soil mix.

If you do not have experience with this, I would highly recommend getting advice/assistance from someone that you trust in the business.   

This is the entry point I’d recommend with high CoC returns and includes your downpayment (20-25% down), closing costs and the furnishing/design budget.  

A good rule of thumb is to clean high-traffic areas like hallways, staircases, and laundry rooms at least once a week.

This type of property has the chance to cashflow, even highly leveraged, in a market where cashflowing properties are quite difficult to find.Could house hacking a property like this work while I am going to school? 

To reinforce what I said about making sure the credit tenant is proven and sustainable all you have to do is look back on the past 15 years or so:2009-2012: frozen yogurt 2012-2014: “new and improved burger” spots2014-2015: spin class2015-2016: megaformer and Pilates2016-2017: poke bowl2021-2022: "new and improved cookie" spots2021-2023: indoor golf2024: pickleball(5) If you are in a situation where seeking an F&B operator, be aware at this time these operators are seeking very high T&I allowances which may not be a worthwhile investment for you to make.

Good morning Sandhya,I have been a part of NARPM for many years and Highly recommend joining the group if you plan on becoming an expert in the Property Management industry. 

I even tell them to reach out to me if they have questions, knowing only a few will actually follow through.And that’s what sets high performers apart from the rest: taking action when most people hold back.If you’re just starting out, remember, one conversation could change everything.

Keeping it as a rental sounds like a solid option, especially with the low mortgage balance and high rental potential.

I could not recommend this more highly.