Should I refinance back to a 30 year fixed which would allow us to break even on mortgage and HOA, but still be out of pocket on repairs and maintenance.Really need guidance on this.

Putting a large down payment to make it cash flow or break even is not a good idea in my eyes.

He basically told me this thing will not break down but if it does call him because he knows the warranty will cover the problem.

Then you determine if your break even price point is below the current market rate. 

We are gearing back up after a break from real estate due to the crash.The market has changed significantly and we have lots to learn!

@Allen Maris - I've been trying to reach out to those guys, but can't break through.

Exactly John, it's just business, at least they won't have snow after Christmas to move in (LOL).Reading people up front is really crucial and go with your instinct, you can always find an "official" reason. :)

If there's an eviction or breaking of the lease that's a different story.

They're breaking the lease.

It's pretty hard to explain some things in 50 words that requires 5,000 words for the sake of breaking it down to a remedial level.