It helps if you take a very active role in building relationships with experienced syndicators and finding the ones who have a need for your specific skillset.Don't try to eat the whole apple on the first one! 

Even with the 'extra 9K' buffer you are starting with <20k spread.A few things, what if your appraised value is off 10%, your market softens either increasing hold time or squeezes your sale price 5%, those rehab maybes become definite and eat up some of that 9k, how does this deal look now?

Depending on what your strategy is, you could simply keep it as a rental since selling too soon will eat your profit given carrying and selling costs.Best of luck!

Gone are the days when you could work and save, and then live comfortably on that nest egg till you die.

Renovations and repairs would probably be needed unless you want to milk and slumlord it.Repairs were done to the bear minimum.Roof and some windows/doors have been replaced sometime in last 10 years..5 acre lotEach unit has 2 bedrooms, 1 full bath, eat in kitchen, and living room on the 2nd level.

I owned, self-managed, and developed a number of properties before the 2008-2009 real estate crash. I have since recovered and have started and investment group in Chicago,IL. All principals have 700+ FICOs and we hav...

I may have to eat the gas cost at this point. 

That's going to depend a lot on the mechanicals, if you've got knob and tube, barely working HVAC, and corroded galvanized pipes that's going to eat up a lot of money for little ROI.

That also keeps my nest egg available for buying more stocks.This is not "advice", just commentary on what i do personally.

Hard money interest payments can eat you alive if you're not careful, so I'd recommend getting some more rehab experience under your belt before you use hard money to fund a rehab.So I think that leaves the other two options, buying another ready-to-rent (turnkey) property using the FHA low down payment, or doing a 203K rehab.That's a tougher choice and really depends on your skill and comfort level with rehabs.