Should I create a new one or try to reactivate it.

Does your contract actually include a financing contingency?

This includes offering properties for sale, asking if anyone has a property for sale, and soliciting funding of any kind.

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

I spent about 6k to get rid of the smoke smell including painting, cleaning the vents, cleaning the furniture etc.  

A few other comments;For Philly: It's best practice to include the required documents in the final lease packet and have the tenant sign or initial all to prove receipt.

Even if you included $100 per month in maintenance/repairs and $100 in property management (I know a PM that will do 7%) you'd still be cashflowing ~$250 per month. 12% CoC return based on 20% down.  

This creates a negative initial position.

The sale will create a sizeable gain that I intend to 1031 to avoid taxes.It’s not clear to me how many properties I’m eligible to 1031 with the sale proceeds.

There was carpet almost everywhere including the bathrooms.