You’ll need to borrow money from a lender to acquire the property (it’s not all investor money).  

Unless you need money out of this property best to let money build up for your next upgrade and/or repair.

If this property can cash flow and pull the money you invested out (or at least the large majority of it) I would lean in that direction. 

Although they fit into the space decoration Wise, they look to me like they would be uncomfortable to sit in for more than a few minutes.

Then MAYBE you'll make some money, but probably not until year two, at least.

If they give you approval that interest must be returned to the tenant as you are just holding "their" money.

But you don't invest for the first 6 months when you lose money, but you invest for 3, 5, 10 years down the road when you are selling it, pulling equity, or you are getting $800/month cash flow because the market is up again and inflation is up.

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And then she had money to send. 

@Eric Kahn Gale if the pipes aren't having pressure issues I would not spend any of your money replacing them!