In circumstance that it makes your project very tight or uneconomical put in the contingency. 

This is actually a great way to start, but there are some implications of in fact this is your intent, as opposed to your intent being for this to remain your personal residence but your circumstances changing.  

I am sure a great number of first-time investors will be running for the exit under these circumstances.

I self-managed for a year but am now unable to due to circumstances.

Hello all.  I was just logging in to check posts and stumbled across an old post that I made a few years back.  You can find it here:https://www.biggerpockets.com/forums/52/topics/702124-first-...Well things have chan...

I will go back to the drawing board and see what other strategies I can deploy given the current circumstances.

If it's still there the next day, dispose of it by whatever means necessary.Your state also has laws for property left behind by a tenant that moves out under ordinary circumstances.

I am reassured to hear that what we are seeing is not much different from other, similar firms making similar offers under similar circumstances.

All of your facts and circumstances matter here! 

With a "facts and circumstances" test This article can. help: https://www.irs.gov/publications/p523#:~:text=If%20you%20own%20and%20live,factors%20are%20relevant%20as%20well.Please discuss this with your accountant, as your facts and circumstances will matter greatly here!