Follow the contract and enforce the contract... if it doesn't work out, it makes it a lot easier down the road to prove you were more than cooperative and the seller was not.  

We would be moving down the road (same street name, but a five minute drive).

Know when enough is enough - it will save you from potential financial ruin down the road.

Personally, I would hold on to the property and let it cash flow then look into a HELOC down the road or do a cash out refinance in order to get some of the equity out. 

It can take a while and it can also be a rocky road when first using someone new.

My goal is definitely cashflow early on, but i want to use that "energy" as David Greene says, to invest into multi-family properties and possibly medium-term down the road.

@Nate Sanow It seems my biggest road block right now is the amount of capital I currently have.

@Steven Gesis  I have personally seen this inventory its going to be a rocky road for many of these folks in the coming years.. these folks simply did not know what they did not know.. its apparent that the ground partner in this instance failed big time and Morris just steam rolled through with sales .. kind of like throw it up on the wall lets see what sticks.. deal with complaints.. and keep making those commissions.. pretty weird stuff frankly.. but as you know in the industry.. many many who got into selling rental properties to out of state investors.. started in the hood like this.. but most moved right out of it within a year or so when they found it untenable from a management standpoint..

We're certainly interested in a bit of house hacking, and potentially in BRRRR if things are working well.I see that the early postings and the zoning changes were from 2015, any thoughts or perspective four years down the road in 2019?

It may be a tough road to show 40+ hours per week when you work 40 at a regular job.