This works really well especially for BRRRR's because you can cash out refi.  

He's a CPA/CFP and is well versed in this area.

You might as well start now in case they suddenly bring up the 3-6-12 months notice required to leave them. 

@Hunter Duplantis what @Gino Barbaro said is exactly what I was going to suggest.When you have vacancy is the time to experiment and apply your original thesis.I’m not trying to play Monday quarterback here but, you should be highly confident in where the rents should be well in advance of having a vacancy.That being said, after confirming competition rents on websites (I’d also recommend Craigslist and Facebook marketplace), you should be in alignment there.  

There is also a 3 car garage in the back, which could be rented separately and room to store an RV in the back as well.

I'm sure you're well aware that it is extremely rare for a lead to want to transact immediately.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

And if your in a Market with a title and escrow companies they can do the transaction for you as well.

I’ll send you a dm to connect as well!

The company is as well.