These sites typically provide extensive catalogs of floor plans designed by professional architects and designers, offering customization options to suit different budgets and project requirements.

@Jesse Santos, if this rental is in NJ then the 1.5 months security is the MAXIMUM allowed by law.What is the typical security deposit for a rental of this type/quality in your market?

Rents typically follow the "Common rents" of the neighborhood which your agent should know or have access to in most cases.

The lower the risk, the better the option to buy!

What is the typical way to go about this?

Manage what you have because it sounds like you have a decent typical tenant situation there. 

If you are looking to scale, find yourself an online platform that you can grow into that has payment options, maintenance request, tenant screening, etc...

Ordinary Income: Profits from flips are typically considered ordinary income, not capital gains.2.

If you want to discuss that option more in depth feel free to reach out.

They can often provide valuable insights into typical operating costs such as utilities, insurance, property taxes, and maintenance.Factor in New Construction Costs: Consider the specifics of your new construction.