Hard money provides the bad combination of easy debt, little skin in the game, and high costs. 

@Noah Bacon I think the fact that they are combined could be a reason this is a less-popular forum.

It's concerning how many of these cities are built and function around oil and gas.

I normally tell people to apply ONLY if they had greater than 700 FICO and income of over 45 times monthly rent which would be $110k annual salary.I had 5 inquires and choose a couple whose combined income was over $225k and had over $250k cash in the Bank.

The gas boiler scares me a little even though it's supposedly fully functioning.

Does everything function properly?

As long as there is equity above the combined 1st payoff and 2nd payoff (CLTV) you should be OK.

@Rudy NievesIt’s like asking if you neeed your heart or brain to survive - the answer is you need both as they do two very important and separate functions

If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.NOTE:  I've gotten away from this a bit, since I am more keen on renting to functioning adults and I find this is a bit enabling. 

Account Closed Focusing on rental property is a no brainer if your goal is long-term or even generational wealth.However, rental property investment requires serious investment capital and one way to generate that would be by fixing and flipping houses, so your proposed combination approach seems to be ideal at least in the short term.