They paid 3.7 million for this property at 29% occupancy. 

If not, I most definitely would reach out to the tenant, introduce myself and ask if they are going to be out by the 31st or the 1st, I would communicate  to the tenant as if I know they were told they are expected to leave, otherwise you may find they "do not know" they need to leave even if they actually know they need to leave....In the case they claim they are not aware they need to leave, you would need to follow the laws in the state you purchased the property, usually you can find that info on the states judicial branch or speak with a landlord tenant attorney. 

$10K seems like a nice, round number...Finally, if you have $250K in cash, I would not put it all into a single property / single dealHope this helps... happy to help further

Our initial goal has been to buy a property every time the Army relocates me (roughly every two years) and rent it out afterward.

I recommend that you find a trusted or recommended Mortgage Loan Originator (MLO), who can give you options for property-based loans (mostly investment loans) and they don't use your taxes but the P&L of the property.

Hello Frank, I think house hacking a small multifamily property that you buy with a low downpayment is one o the best and lowest risk strategies that you can get started with.

@Amanda Dobbs you have some good comments above but we can't tell anything about the property you are looking at. 

My primary goal is to identify properties in high-demand neighborhoods, with a focus on value-add potential.

You can get a "renovation heloc" which will give you a heloc based on the ARV of your property.

At the time of sale, we would amend our existing mortgage to ensure the sold property is no longer collateral for that mortage.