We won out mainly for purchasing without a loan (yes, hard money, although strong, can still go sideways in a deal).

Can you make the payment on the $292,000 loan for your primary if the tenants don't pay rent? 

Then do rest of the property.3) Recommend adding 3D Tour and Floorplan-- Some of the competition already offer.4) Marketing Exposure-- Can see it on Zillow, Redfin, Appartments.com, Realtor.com, Homes.com, Trulia & Hotpads, which are all the big ones.5) When is the last time you dropped the price?

How can I pull the equity out of this building?

No matter what, you need a good, trustworthy GC--if they can do the carpentry themselves even better. 

To find a rental that you can BRRRR in my market is nearly impossible. 

Holding properties for longer than expected can definitely put a strain on cash flow for new construction builders.

Each state can be a little different so the details matter. https://www.omglawfirm.com/arkansas-probate-intestate-succes...Here is the pertinent excerpt:If you don’t have a Will, the default order of descent goes like this: (1) full blood and adopted children of the decedent, subject to any dower, curtesy, and homestead interest of a spouse; (2) if no full blood or adopted children, then everything to a spouse of greater than three years or half of everything plus dower, curtesy, and homestead to a spouse of less than three years and the other half of everything to other heirs (per this table); (3) to the decedent’s parents or surviving siblings; (4) to the decedent’s grandparents or surviving aunts, uncles, cousins, etc.; (5) to the decedent’s great-grandparents or surviving great aunts, great uncles, etc.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.

Perhaps someone with more intimate knowledge of the area can validate or dispel the type of neighborhood this is but it’s normally not good if that’s one of the first things to populate on the internet.

The most profitable area of real estate in my opinion is new construction... that way you can literally build sweat equity... at least that is what I am focusing on!