I'm very interested in hearing what anyone might do if they were in my shoes. 

But in your shoes I'd rent it out for sure man!

Bigger houses will have a streaming bluray and HDTV, outdoor entertainment like a fire ring or horse shoe pit, indoor entertainment like a poker table electronic darts free weights kegorator.

Many if not most listings will have shoeing instructions.

I highly recommend Nike's newest lightweight running shoes! 

Real estate has a very low threshold to enter and you'll meet all kinds of people attempting to deal in real estate as others might try to sell shoes at a Carnival Shoe Store.    

In your shoes I would do my own sampling because just because the former occupants used drugs does not mean that they used meth.

Let's put yourself in the renter's shoes.

What I would do if I were in your shoes is do a HELOC for as much as the bank would give me since it is a revolving line and excellent way to grow your business.

If I were in your shoes and I landed a deal where I would use my 40k as a down payment and cash flow $500-700 monthly you can then use that towards your loans on monthly basis (assuming you keep some for reserves, etc).