In theory, it could be possible to rehab the property and turn it into a B or A--which ***might** make it less of a headache, and therefore a higher priority for a PM... but, that depends on a lot of factors--for instance, how much the PM's income would increase as a result.

If you are going to do extensive renovations.

If you use a bridge loan (20% down) to acquire the property those are typically 12 month terms with extensions possible w/ no prepay or early exit fees (hint -  refi when work is complete, tenants in place).

I am seeing in some instances rates in the high 7s with short prepayment penalties. 

This is very situational, but in some instances if might make sense to deal with the high interest rates, buy a property that isn't a cash flow king in the first few years, but when rates go down, refinance and you have a nice, cash flowing property.

THEN, you'll have a much better idea of what books/resources to focus on.For instance, if you decide you want to house hack (which, I'm a big proponent of--especially for beginners), then focus on books/podcasts/articles/resources covering house hacking...

I'm looking for one that has extensive experience in real estate and tax planning. 

Sold shortly after the Reno and separating from Active Duty in 2021 in order to take advantage of the extension to the capital gains exclusion for military members.

@Caroline GerardoI had one in as a lender where borrower passed away went through probate and granted to child who filed BK to avoid foreclosureIn this instance deed was transferred even though child not on loan documents still got wrapped up in the mess.

For instance, if you already lived in the current residence for a year, you should be able to use an FHA loan to acquire this property next to you and make that your primary residence for a year.