You may also want to consider "Cash for Keys" to avoid having to do an eviction - letting that tenant know how an eviction will negatively effect them going forward.I also started with Cozy.co for tenant screening and rent collection.

What I am seeing is some people saying deals that turn a profit, profit being a key word here are very rare. 

Leverage is the key to accumulating more flips and rentals, especially if your starting out in this business with minimal amounts of cash.

I think the key part I want to clarify is that the existing tenant was still under a rental contract for 2 days after we closed on the house. 

Properties are listed weekly as miss listed multi family, turn key investment, and and even 20% under value homes.

We also offered a cash for keys for all units.

(keep in mind the $116k is all net...so after you allot for all expenses and portion for cash reserves, etc...this is strictly profit)If you take a salary, then, breaking each property's profit up individually, would you take a percentage across the board or a flat dollar amount per strategy?

The key is obtaining listings. 

You might have to "buy" credibility by jumping on-board with a well-known syndicator/educator.With 250k, that might eat up too much of your capital, so if you don't have a built-in network, I'd go it alone.

I suppose we could all cheer you on and give you advice on how to "10x" your goals and flip 20 houses this year and purchase 30 investment properties, but that's like encouraging someone to jump off a 30-foot diving board after watching them belly-flop in a kiddy pool.You have one rental that has fallen apart and eaten up your cash.