I recently attended a webinar, Master your Rentals: Save Money and Time with effective Self-management.  

Quote from @Cierra Butler: Jonathan, The tenant does not currently owe any money.

I'd spend the money on vinyl.

I would never put my money into a shrinking population base. 

We are also reviewing a company that can use it to scan bank statements and tax retturns to quickly sort where money is spent and if documents are fraudulent.

My initial plan had been to do something like Rent-to-Retirement or REI Nation- assuming that I'd be leaving money on the table to pay for their expertise, but hoping that I would learn through the process and develop the confidence to strike out on my own later. 

We plan to spend the next 6-12 months continuing to earn and save, as well as nail down a final market we want to househack in.

Many times it’s about identifying where their money is going.

You first need to identity your goal for the money. 

For example, a person can go to  a 10 —-13 week school for dental assistant… finish the course get a certificate and have an immediate job making somewhere around 43k plus.. yeah I know it’s not a ton of money, but it’s a good base especially for folks that don’t want to go to college.