@Tyler GarzaYour strategy has a solid foundation, but a few key refinements could help you maximize returns while minimizing risks.

(Minimal competition, high demand, and 20 year operating history with repeat & longterm clients) Agreed!

I think a seller would be in a better position in this scenario than selling a property Sub 2 that is current, minimal down payment from buyer and little repairs needed. 

This, in my opinion, will help minimize your liability, in the event the dogs cause harm before the tenant moves out.Then, you can negotiate a peaceful move-out with the tenant.  

A tenant complaining online might indicate that the property manager handled them appropriately, so be sure to ask the manager for their side of the story.7.

Avoid over-leveraging your home to minimize risk.

However, you'll minimal capex/maintenance/vacancy and the overall return after 5 years could be very strong. 

You've got to remember the home has already been through numerous inspections prior to delivery, so the time it takes to finish is minimal.  

Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?

With the newer 5% down conventional loan for owner-occupied multifamily option, I generally advise people to start analyzing from there if they want to house hack a multifamily with minimal down.