I understand there are different circumstances that can determine if this is a good decision or not but I was wanting to hear some of your opinions on property management.

Any advice or if anyone knows of a mortgage lender or private lender that would lend to someone under my circumstances id be glad to discuss, thanks.

I would prefer to flip it but it may be my first rental property depending on the circumstances.

Brandon,My point is facts and circumstances.

CAPREIT is interested exclusively in institutional sized multifamily apartment projects (at least 150 units, preferably larger -- under no circumstances would we even look at anything less than 100 units).

For each day you advertise but are not registered with the city you pay something like $200 per day.The reading I've done around removing RSO tenants is that it can be done under a few limited circumstances and there is a corresponding fee to be paid that depends on age, family size??

The rule of thumb is that you make your money when you buy the house; in other words, it is imperative that you buy the property for the right price so that you can make your repairs and face obstacles and still come out ahead in next to all circumstances. 

In your case you would have to be able to say that you had intended to build this house and hold it but there are now substantial mitigating circumstances you can demonstrate for why you are selling it so quickly.In general new construction and fix n flips do not qualify for 1031 treatment.

That's our choices in these types of circumstances... 

This is an unusual set of circumstances.