I'm a holder so, based on your numbers, I would BRRRR it at a $120k ARV.

You don't call lenders; you MAIL to known note holder lists and also (most importantly) you market to attorneys, accountants, financial planners and real estate people who, over time, become note referral sources for you.

Also LLC's help separate business and personal assets, especially if you have other equity holders/members (i.e. partnership).

For a long term holder 10+ year I think it could be the moment to pull the trigger if the deal is right.  

However, I'm ready to turn this into a scalable business by implementing the BRRRR strategy and moving into rentals.Though I'm not confined to a single city, Kalamazoo is my current target area so I would be interested in hearing what a seasoned investor has to say about neighborhoods to pursue and visa versa with areas to avoid.Sorry, Andrew.

How does that make sense with a section 8 holder?

No, paying off a debt gives you no interest in title to the property.....the debt holder has no such interest. 

Hello BP, I could use some ideas or input on how to screen a tenant who is here on a visa.

A few of the goodies:For renters - Payments - suspended Prohibitions - No fines, no debt, no repayment, no effect to credit scoresFor mortgage holders - Payments - suspended Prohibitions - No fines, no debt, no repayment, no effect to credit scoresTenant can simply stop paying without any evidence of true need - to include utilities which the owner may then be liable to cover.However for a mortgage holder to qualify for relief several extremely onerous loops must be passed.   

While I am a CF+ investor, if you are a long term holder then plug in your numbers for year 2 or 3 with increased rents.