New to mid-term rentals.

You could tell them to cancel the listing and you will find someone else to list it after a month not 4 months (the market take is subjective too, all dependent on what your house has compared to others, where it is located, the size of it, and so many other factors).

How much cap ex is left to do and do you have to do any of it before a tenant moves in?

I was able to get a private loan which I used to purchase the house then I used my own money to rehab the house.

Industry standards are currently between earnest money to ownership is 12 months. 

I was considering staying close to home.

I’m not going to let that happen.

I am also curious to timing of your loan to them and other questions that were asked in this post.

@Ryan Daulton So, you want to believe in fairy tales and challenge us to prove them wrong?

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!