Additionally, if you're purchasing where there is a HOA, you may have to prepay a few months of HOA fees.

As with any addition to housing stock, this option must overcome the hoard of NIMBYs, but I like its chances. 

If anyone has any other suggestions I’d heavily appreciate it! 

If it works as an LTR, any additional profits that are possible as an MTR are cherries on the sundae.

I would also suggest that you start to build a team of advisors that can assist you.

I would like to hear your suggestions and advice! 

While discussing various strategies with another investor friend, I suggested that I’d like to do a 1031 exchange, taking my equity and rolling it into a smaller home to start my BRRRR endeavors.

Additionally, if leveraging, ensure you have ability to withstand potentially significant drops in rental rates. 

If they aren't complaining about the current flooring condition I would suggest you wait until they leave or reach a point where its being requested.

Even after fines and penalties are issued, they refuse to accept responsibility and want to charge additional fees to correct their own errors.