We have another pot set aside for more interior improvements. 

I do have a "pot of money" for reserves but it's a lot more than $5K.

Here is something that will stir up the pot. 

No, be smart about it, get an education, no matter how easy or fun anyone makes R.E.I to appear, its hard work, takes capital...And more importantly it takes time to be to sucessful, unless you have a pot of gold to push you faster...For me i love real estate, i live it breathe it,eat it and sleep it....make sure this isnt just a faze, or you watched to many episodes of flip this house, now its got you excited, be sure you love it before you choose to throw away an education. 

Speaking of cooking equipment, some people make the deadly mistake of placing their old pots and pans in a vacation rental. 

The house might be nice, but when they see the pool with the potted palms, lounge chairs, etc. it always sinks the hooks in.

You either poop or get off the pot.

You didn't put a time limit on your offer, send an addedum to the offer with a time limt that tells them to do business or get off the pot, I don't care who they are, no seller will leave leave me hanging and I've bought all kinds of secondary market REO properties.

There are some states that have rules that require you to bring a suit against the breaching party prior to bringing suit against the other tenants.If someone were to have taken your advice without consulting an attorney, there is at least one or two instances in which they would have gotten "bench slapped" by the Judge or opposing counsel.

I'm thinking a good plan would be to take some of the profit and put it towards a cash flowing rental to hold onto, putting some back in the pot towards my next rehab which I'm actively looking for, and keeping a little for my personal use.