You are in the right place and this community has literally taught me everything real estate over the last 3 years with all the podcast, forums, blogs, calculators, etc.

We did that in December of last year and still didn't use it, searching for the right deal.

Just moved from TX last fall and just closed on my first SFH in the area in and will be rent ready in August.

The current owner bought it and lived in one side but moved out last year and is fully rented now.

My last 2 were both rented when (1) we still had finishing work/backspash tiling to do. (2) we had just sheetrocked.It all depends on the potential tenants "vision" and you should be able to assist that by having a flooring sampling ready.In the one, I was bringing sheetrock out to the dumpster when an older couple approached me and asked what I was doing.

We closed in September and I took full possession last week. 

Last off, is this scenario possible?

I have significant amount of money invested in stock right now and reasonably trust the average index fund return rate of ~9.5% to continue (of course, been getting much higher than that the last couple years, but we're in a bit of a bubble).

I've been using F.L.O.P.S strategy for the last two years.

If you have a lot of bad debt the last thing you should be doing is adding more debt