The IRS prefers that the rental is in service for > 1 year but 2 is the rule of thumb You can defer the capital gains and depreciation recapture on sale of your townhouse provided you meet the 1031 Exchange timeline and requirements...

In this case, again depending on state and local laws, you may be able to apply the deposit towards unpaid rent. 

As Nathan said, how long it takes to get them out depends if they are month to month or on an annual lease. 

Depending on your situation, you could do a conventional cash-out refinance on the rental.   

They have practice exams on there.My recommendation as an agent is to provide massive value to clients in ways other agents won’t.

I think the BRRR strategy would be an excellent option as it provides several positive exit strategies.

It depends on what you're looking for...my perspective is that leverage + appreciation is what makes real estate worth the hassle.

These are situations where an individual investors knowledge, experience and expertise provide a unique advantage over the universe of other investors competing for “great” deals.  

For instance, mileage from driving around to view properties for sale, educational expenses like books or seminars, expenses from networking events with other real estate professionals, etc.Hope that provides a helpful example. 

So if you are happy with your returns, then price is reasonable.Given you provided no information about exact location, no one can say whether lease terms are favorable.