Plus mls dues, association dues, electronic lockbox access, e&o insurance.All these costs are on the rise too.

I would estimate it would cost 75-100K just to make this property liveable. 

Was able to have the seller pay all closing cost and fees (over $25,000) How did you find this deal and how did you negotiate it?

But the refi will likely cost you $3,000 - $5,000 - so there goes a good chunk of change that maybe you can refi into the loan... but it is really just a hit on equity.   

Monthly rent is $750, so I'm wondering if the costs/time/stress of eviction are worth pursuing if an option is to just tell him I need him out in 30 days.

Persistent supply chain issues and strong consumer demand have not helped the issue subside; however, the core driver of inflation is and has been increasing shelter costs.

I estimate cleaning costs/charges based on the number of bedrooms and bathrooms.

@Jose ChavezAs mentioned notes are very standard documents that your attorney should draft.A PG is another separate document just like there also should be a loan agreement if to a LLC and some security instrumentWe use an attorney to always draft these and charge the costs to the borrower as part of the closing costs

I have to figure out the cost/investment of building a home from scratch vs potential rental income, etc. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!