I will continue to work a full time job and have access to another $100k I will keep in the stock market, so there is access to additional capital if absolutely necessary.Any inputs/advice would be greatly appreciated!! 

Yes, it is improving, and like most markets, it has some good areas.

I have access to about $20K more in savings and family.

Finally, I spent two years almost exclusively working with investors, providing nearly every type of financing.My guess would be this: there is a very definable trade-off between local knowledge and access to properties that "check all of the boxes". 

Side note: I have access to the property to clean up and make repairs.

Also that improvements have to be made within that 6 month time frame to count them towards the amount or your "bumper" will be too low and you will be subject to the capital gains tax on the difference. 

This is to say that my 4 year investment yielded net 224K, approx. 56k per year...I did a lot of improvement works on the house: new floors on two of the three floors, tore down a wall down, completely rehabbed the basement, added a bathroom, put in a new kitchen, replaced some appliances and many other cosmetic jobs which were costly but I did myself with the help of my father and the occasional local handyman.

A self-sustaining, functional, and community improving entity that allows me to not have a NEED to work.

(pictures of current house pre-renovation listed along with a second house-MISTAKE)July 23, tenants move out and return keysAug 31 First set of renovations complete, mostly cosmeticThrough Sep I negotiated with Norada and M.I.P to improve the renovations, I was not satisfied with work nor scope, they agreed to all items and improved the unit through Sep while it was on the market.Sep 12 Appraisal came in for asking price of $95,000, cost $495Sep 18th Third Party Property Inspectors found items, M.I.P fixed all issues, Cost $295Sep 28th, closed on the property, no tenant yetClosing: The closing was smooth, mobile notary came to my houseAll paperwork initially was signed via DocuSign, but ended up signing everything in front of the mobile notary at the end againElectronic copies were available post-closingNo issues with wiring money, etc.Post-Closing: Home is still empty, Reedy and Company Realtors, LLC is now the Property Management companyPictures of final renovations were provided after many inquiriesHouse rent rate was lowered to $965 after sitting vacant all summer at $1065I was not sure why they raised the rent so high during the closing process.

Make sure on your rental agreement that people understand they are renting a room with shared access and responsibility for the common areas.