First, the market is hot and you will need to analyze a lot more properties to find a prudent deal.

Two calls were to take them off our list, 1 call was an absentee owner trying to find out what exactly we do, and one call was a hot lead.

I understand the MF market is super hot right now so I'll have to be patient and flexible I imagine.  

In the duck work of the force hot air furnace we found rotten fish just inside the vent covers. 

I live in Hot Springs Village and if you are interested in this area let me know.

It's only 15 minutes via Light Rail from downtown, and has a great neighborhood vibe to it with skyrocketing rental rates, definitely a hot area.As for what to do from here now that your personal funds are tapped out, one strategy I have heard used is to put together case studies of your two properties, and then present them to colleagues, friends, family and let them know what you are doing, what your returns are, and see if there is any interest in leveraging your experience to do a joint venture with someone.

In hot markets, they are simply letting the customer select a property, that meets property requirements and an agreeable price. 

I provide water to tenants--I'd be OK providing water, heat, hot water, but never electricity (can be astronomically expensive particularly if they're not paying, or in the weird situation where they pay for gas heat but not electricity they'll bring in a bunch of space heaters).There are some miscellaneous things that you may or may not account for if you're living there, like snow removal (could be expensive depending on the property, but maybe a few hundred dollars), cost of finding tenants (if you use a broker or an agent), miscellaneous accounting and/or legal fees.You said there are 3 meters: are there 3 separate water heaters and furnaces?

I closed on the property and then turned around and offered it for sale in this hot market.

Welcome Stephen,I like your plan, I'm in the process (accepted offer), of my 1st vacation rental.Here is a link to the forum for VR (vacation home rentals),http://www.biggerpockets.com/forums/530-short-term...You may find it full of useful info as well as reading/listening to anything from Heather Bayer (who has her own podcasts), & Matt Landau.Check out VR listing sites like VRBO & airbnb, if you haven't already, you will see what your competition is doing and decide what amenities you will need, to be competitive (like perhaps a hot tub).