We also bought 4 new bikes the day of closing and had them shipped to our property manager who assembled them.

We just closed on an all cash purchase via an SMLLC of a SFR at auction (at a healthy discount to market due to distress) that we intend to use as an investment property, and we're looking for guidance on the best strategies for pulling as much equity out of the deal as possible to roll into another property (identified but yet to be purchased).  

Do they have an option for a much lower power connection zwave or zigby?

Thankfully, all of the order to comply issues were minor and the cases are now closed.

Equity plays can turn into better deals down the line with lower interest rates and a refi, with rent appreciation - where you can raise your rents because they may currently be lower than market, and with market appreciation - where the entire rental market moves upwards in rents.But you want to take a serious look at your challenges there... because there can be many - especially if you are a limited funds investor.Equity plays really only work well when you have enough income where you can cover the unexpected.  

They sell for less than 3-bedrooms, but rent for close to the same and are good as mid-term rentals.

You may also be asked to fund an interest reserve at the time of closing which mitigates default risk for the lender.Hopefully you find helpful.

Might be close to break even if you are putting in $1200 per month.

I have a small Airbnb in a college town that is also close to several hospitals. 

Not even close.