It's important to find out.But for now, let's assume that the property is worth $63 million as @Jason Piccolo indicated above and the loan balance is $59.8 million. 

Reach out to fellow investors in your area to see who they've worked with.

Unfortunately due to the business you choose to operate incidents like the one you experienced are more likely to occur compared to a property that's continually occupied by a tenant where the water would more likely be run at a higher frequency which would prevent the pipes from freezing.  

:) Would love to make some connections/friends here! 

If this job popped up out of the blue, your intent was not to move within the 1st year, so you may be ok.If you are planning on building a portfolio of homes, it is safest to stick in your home for 12 months to reduce the appearance of potential fraud. 

If you have the budget for repairs if you rent it out, definitely rent it out!

I'd keep the rental and by no means refinance it to take cash out. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Easier to find two $1000 renter vs one $2000 renter.3.  

I've talked to two local agents about possible price points to list at, but it almost seems like they are pulling numbers out of a hat.