Remodel while the property is still in your name to increase its basis, which can reduce future capital gains taxes, and take advantage of the capital gains tax exclusion if you sell within three years (up to $250K for single filers or $500K for married couples).

My goal is to brrrr the deal within three months, and payoff the credit card with the cash out refi.I feel like this strategy could work out in your scenario as well.

Unfortunately, since you are in NYS, you only have 15 days to return the security deposit, and getting a contractor out there for a quote (much less, three), is not going to happen. 

I love that you have found passion in REI and have laid down a path to success with your three approaches.Of the 3 activities you are in, do you prefer one over the others? 

In BR the Red Stick REIA and The Ring are great and in NOLA their is the Westbank Real Estate Investors, Northshore REIA and NOREIA.

I also use Wealthfront at 4.8% (4.3% plus the 0.5% bonus for three months). 

Repeat the process to earn a $73,375 gain, which you roll over once more to end three years with about $174,000 and a 348% return.

Quote from @Jairo Montezuma: Agreed with the above, your problem will come when you need to get someone out there on a Saturday morning around 6 am and you are three thousand miles away on vacation.

Doesn't ring a bell right off the top of the head.

Yet another reason, (albeit not in the top three) why all rental property should be in an LLC with a wife or child as a partner (even .1%) so as to file the Form 1065.Number 1 is liability protection, Number 2 is privacy, Number 3 is ease of transfer for estate planning, Number 4 is possible sale of the LLC to conceal sales price (also called drop and swap), Number 5 is having a single entity for financial reporting, Number 6 is brand identity.