I am not as familiar with the area, but my sister lives there and even some months ago had trouble even finding a deal that made sense to "house hack".

It makes sense, in theory at least @John Warren.

Repairing old stove doesn’t make any sense, waiting one month for part and paying the price of a new one Is insane.I would find new on sale for around $500 and offer my tenant split the cost.

Although we all do real estate on this forum, sometimes it might not make sense to buy a property in an OZ, but it might make a great deal of sense to try out one of your other business ideas.

Since it's month-to-month wouldn't it make more sense to just give the 30-day notice that I will not be renewing the lease?

Partnering with someone to do the rehab for you makes sense. 

But you would need to have a substantial amount of equity in it for it to make sense. 

That makes a lot more sense, thanks for confirming it.

Keep in mind when areas appreciate so does the rent and eventually higher appreciation areas can have very high CF if not the highest compared and even above 2% level is very common for the longer runs.

Some flat out don't allow investors to rent the properties.From what I've read / heard here, if you're running the BRRRR calculator here on BP use the listed price, if it makes sense awesome, if not lower it till it does and then make an offer with that number.