To build long-term wealth, start small, scale gradually, focus on cash flow, educate yourself, understand financing options, and be patient.Good luck!

I've read a few guides about turning the main on gradually, going fixture to fixture one at a time, etc.

Investing in residential rentals can offer dependable cash flow and gradual appreciation, which could help fuel your interest in bigger projects down the line.

Alternative Solutions: If refinancing isn’t possible and a buyout is needed, consider a structured buyout agreement where the remaining partners gradually purchase your share, allowing you to exit while they assume full ownership.This post does not create a CPA-Client relationship.

Focus on key areas first (like floors, walls, kitchen, or bathroom), which may help you handle the costs more gradually, even if it means moving in furniture or updating fixtures down the line.Also, since the tenant left it in rough shape, be sure to document all the damage (photos, receipts) in case you decide to pursue reimbursement through their security deposit or in court.

Eichholtz’s initial research showed that real housing prices (corrected for consumer price inflation) gradually changed over time, but were fairly equal in 1973 compared to prices in 1628."

Quote from @Brienne Metcalf: Something to consider.I don't recommend gradual rent increases, for a couple reasons.1.

Gradual transition Moving one property at a time is smart so you can learn as you go and avoid service gaps. 3.

Longer term, meaning next 30-40 years, Bond market will do what its always done to runaway Fiscal looseness and it will take 10yr up to 10 -16% to put pressure on FED to deleverage the last 45 years of crazy spending, like it had to do from '45 to '82, or 1900-1925, slow and gradual. 

Each of these things can be worked on and in a few months of consistent and persistent action, you can see a gradual change in your situation.Don't let current circumstances paralyze you.As far action steps:- Research and strongly consider the househacking strategy.