Reach out to your tax advisor, who might be deep in extension tax returns at the moment, and ask to have a consult or sit down.

I will be recasting my old mortgage to the new property.

The home has to be listed on the MLS in order to do a bridge loan or you simply do a cash out refinance. 

I also do not expect high W2 income for 2024 and beyond, so 2023 might be the best year to do this for the best tax savings.

Setting up a refinance with an escrow would be fine, but if your ARV is only 75k, then most groups would do 70% of ARV, which after your 7500 payoff and closing costs, puts you with an escrow around that 40k mark. 

It is a slower way to get started, but 7 years later I am doing well.

This works reasonably well for many situations, but it can lead to issues when you happen to have a particularly wasteful tenant that uses excessive amounts of water and/or electricity.

@Yi Chu a Roth IRA is already an account that allows tax-free growth so depreciation won't benefit you since depreciation is used to offset taxable income.If you need the depreciation to offset other income outside of the investment, then it might be best to invest outside of the Roth IRA in order to take advantage of the depreciation. 

On Furnished Finder every listing gets reviewed and verified before it will be live on their website.

So if I pull permits and my work passes inspection, is there going to be an issue I’m not aware of?