I would connect with an attorney immediately so you are going through the proper steps to get the unit producing again.

I own one rental property in my home city that is currently producing a small cash flow.

I want places with the potential to add cosmetic value, with sound bones, and a nice yard, as that makes my property attractive to tenants with pets, increasing my applicant pool.")2) Make a list of every property that has sold in the last 90 days in your area.

@Matthew Bell Another question is if the $60k figure comes from a GC you can trust or is that the other investor trying to make the deal look attractive? 

some tenants will be more attracted to new built some will be more attracted to odder build. 

These lumber producing companies were trying to ramp production up while creating a safe work place because of COVID-19 and for some employees it made sense to stay at home because of safety reasons and/or unemployment benefits. 

I am fairly handy, but I want to buy in a good neighbourhood that will appreciate well and attract quality tenants.I am assuming it would be very beneficial to speak with a local mortgage broker and real estate agent that specializes in real estate investing, but don't know any. 

Furthermore, the income produced by airbnbs can be considered business income and not rental income. 

Even if the neighborhood was one that would attract good tenants, this is a marginal deal at best. 

Sellers USUALLY make a big deal of this to attract a discerning buyer and they get higher price.