Have you ever been to McDonalds?

Not sure how many PMCs you've had bad experiences with, but we'll take exception to:"Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health)".BP seems to have more threads about screening mistakes by DIY landlords as opposed to PMCs.Now, if you'd have mentioned Maintenance, you'd get no argument from me:) Even the PMC industry acknowledges maintenance as one of the biggest challenges.Rereading my post, I kinda see how I sounded negative toward PMs.  

It may be time to find a new PM. 

This is going to bring my mortgage payments to around $2.3k per month. 

It may pencil out if you're building an extra unit, but just a single bedroom is not going to work.

I am a new real estate investor and I'm trying to determine the best way to finance my first property.

Very solid market, been investing there over 10 yrs and the rents continue to climb! 

Happy to share other references and resources in the area. 

My fiancé and I are currently looking to invest in Fl, and have been looking into tax deed sales. 

What would I need to do to structure the note in order to have a note buyer come in and buy the note or buy a partial enough to pay off the 215k at closing and still have some difference coming to me or the note revert back to me after the partial was paid for.