I am, and have always been a value add investor, and I believe that trading up properties will make you a lot wealthier over the years than a pure "buy and hold" strategy would. 

Some thoughts that are still in mind:Should I consider pure investment properties vs trying out house-hacking?

house hack vs pure investment?

You might be able to improve that rate a tad bit using one of the newer residential mortgage programs that base it purely on the property's own cashflow (some of them will go as low as 1.1 DSCR whereas pure commercial wants 1.25), but the improvement wouldn't be sufficient so as to be worth the hassle/fees/costs/etc, knowing that you're just going to be doing it again in a year or two when you have sufficient 1099 longevity to get a Fannie loan.

I should have my Agile Certified Practitioner certification by the end of July.The next steps for me are to find my next deal and really what I consider my first deal as it will be purely from an investing standpoint.

Yours may be different.If they are small (thin) it's purely cosmetic and is something that unfortunately comes with the territory.Late, but I hope this helps.

Taking a large distribution from an IRA - inherited or otherwise - creates a significant tax liability.If the purpose of the property is purely investment, then it will be best to make that investment within the existing IRA umbrella.An inherited IRA can be converted to self-directed format. 

Thus, making this a purely appreciation play.

purely rental, not too much personal use?

Of course, this is purely from my own knowledge of the laws in Florida, best to consult your attorney on this as well.