BRRRR is my favorite although it's getting difficult to do these days with interest rates as high as they are.

I found a bank that will do a HELOC but the rates are high (Of course, with today's rates).

The industry has dealt with new technology geared at improving workflow and resident tours, a world-wide virus has come and gone, interest rates have drastically changed the environment and there have even been some major legislative changes that have impacted our industry.

The rental income of $4,400 looks very high for the overall value ($250k) of the property.

I would highly urge you to take a look at the jurisdiction codes.

The strategy here I think would be to just do a cosmetic remodel to a home that is highly unlikely to need any other improvements.

We don't want to pay rent, and the SFH's are priced so high right now.

In addition, because their rent is high tenants don't stay as long further increasing the vacancy time by increasing the frequency of turnovers.

If this meets code, it would be easiest and probably cheapest even with high price of AFCI circuit breakers.  

But, the location of the property (neighborhood), and the level of rehab is extremely high that I feel not so confident in proceeding.