I know of a couple of good PM's if you need them and can give you a general idea of the best areas to invest in. 

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

With 56% appreciation rates in less than 10 years, even the stock market can't beat North Carolina!

Although there are advantages to waiting too, such as if interest rates continue to drop.

to be clear - lots of other issues, lots of other challenges, and BRRRR is difficult right now with interest rates so high. 

This would allow you to maximize tax deductions at ordinary tax rates.

Both offered up to $40k, 12-14% rate which is higher but not bad for an unsecured personal loan. 

The house will need a new fence soon, so I'll have to factor that into the scenario.I'm not sure which choice is the best option for me.

You'll pay a higher rate and may need to have more of your own money in the deal in case of unexpected repairs. 

Choose the Right LocationProximity to Campus: Prioritize properties within walking or biking distance to minimize transportation costs.Safety and Security: Research neighborhood crime rates and local security measures.Access to Amenities: Look for nearby grocery stores, healthcare facilities, and entertainment options.3.