My monthly payments (mortgage, insurance, taxes) are roughly $3,600, leaving me netting about $4,600/month.I have four years left until military retirement, after which I’ll have a pension, some disability income, and rental income from this property.

I'm a out of state landlord, the tenant skipped out last month and left me with a damaged, filthy, full of garbage and roaches house.

@Shayan Sameer If you can service all debt and property expenses and have money left over then I'd say it's worth it.

Are there any specific markets or deals you’ve seen that align with my goals?

There is roughly $20,000 left in rehab including windows, floors, a new kitchen and bathroom. 

I’ve saved enough for a down payment, but I’ll be left with only a little bit for emergency funds.

However, we left out a fairly full container of laundry pods.

Quote from @Rachel Jane: First post, no idea what I’m doing, lolMy grandfather passed away and left me his condo, which is fully paid off (and located in a seniors residence) It’s worth approx $500,000 (CAD).

In order to defer all of the tax, you must purchase at least as much as your net sale and use all of the proceeds. if you purchase less than what your net sale you would have to pay tax on the difference, and you would shelter whats left of the gain. 2.

.- If you're going after a seller finance deal I think once you understand what it will take to get to a finished state its simply a matter of aligning your needs as far as short term cashflow with the current rents/situation, with the net number the seller needs after the refinance.