Here are some considerations to help you decide how to proceed:Assess Your Financial Objectives: Ascertain your long-term financial goals and the role that real estate plays in your overall investment plan.

However, recognizing the right time to sell can help maximize returns and achieve your financial objectives.

If this is your first rental property - I'd also recommend an agent that can ensure you are looking at the right kind of home, area, and type to ensure it meets your financial objectives and provides you with a return.I've been an investor in Charlotte for over 10 years and also host a meetup called "SouthEast Charlotte Real Estate Investors/FI" - find us on FB.

To maintain profitability, it's essential to carry out in-depth market research, closely monitor remodeling expenditures, and do due diligence on prospective properties.Preliminary Advice for First-Time Investors:Become knowledgeable: By reading books, listening to podcasts, using internet tools, and connecting with seasoned investors, you may keep up your real estate investment education.Start modest: Start small and increase your investments gradually as you acquire confidence and expertise.Network: Make connections with other investors, real estate experts, and mentors who can offer advice, encouragement, and insightful perspectives.Make a good plan: Make a thorough investment strategy with precise objectives, deadlines, and exit tactics.

Your plan should be in line with your risk tolerance, financial objectives, and the state of the market.

The IRS as stated that an investor may not use a 1031 exchange to purchase property from a related party when the objective is primarily to avoid tax. 

Making judgments and gaining important insights from experts with experience in your target market may be achieved through networking.You may confidently evaluate your possible investment and choose the best course of action for your financial objectives by carrying out extensive due diligence and making use of the information and tools at your disposal.

Your criteria should be as objective as possible and cannot discriminate against any protected class.  

I'd send the tenant a written notice (email is fine) that clogged drains will be on them if caused by objects dropped in the drain.

Perhaps you can turn other assets around through zoning changes etc. but that's not the case with single family flips where the objective is to be in and out in a short period of time.