Much like fix and flip loans spiked up to 11-14% for a while, and are now back in the high 9's to 11's, I think it's encouraging to see the terms floating back to closer to where they were before. 

Do not paint brick -- low maintenance becomes expensive high-maintenance, no thank you. 

If they are going to be there post closing, at minimum have your agent do a final walk and take photos and video as you will now be the landlord and responsible to hold them accountable for any damage, so document.Once you get it up as a STR, you should go at least once a quarter to make sure cleaners are doing a great job and make any needed repairs or adjustments.

Regarding limitation of taxes upon selling, you'll need to make your expenses high (at least on paper), but if your plan is to purely sell it and cash out, then you're going to end up paying capital gains taxes.

As an agent if I get a referral I love clients who are A) Ready & able to buy B) They communicate 3) Not difficult/high maintenance.

I purchased a bunch of PSI exams and books, no issues obtaining an excellent grade (PSI wording, not mine). 

I highly suggest looking into duplexes in areas like Sunnyside, Acres Homes, Independence Heights, and East River.

High volume discounts are available to everyone, irrelevant of deal type, with me.  

Think you're a little shy on initial cost to find a SFR in C grade area,   You're closer to $100k + rehab of $20-30K for a 3/2.   

Finishes builder grade or a bit higher such as luxury laminate, run of the mill kitchen shakers.