I am in a pretty similar position. 

Roughly $600 per month in positive cash flow.What made you interested in investing in this type of deal?

Sounds like you have some options which is great man.

So those are kind of my options- rent at a loss or sell for the balance.

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

Another option that requires more legwork is to call the servicer/ producer of the inverter.

Given Denver’s high price point, out-of-state investing could be a great option, and reading Long-Distance Real Estate Investing is a smart move.

If the spouses co-own an LLC together the only option would be if they married couple resided in a community property state allowing them to disregard the entity under Rev.

I was thinking of giving him 3 options.Option 1: He switches to a month to month lease changing to a weekly rent rather than monthly, the new lease will have different rules (ex. such as agreeing to a cleaning schedule and a liter schedule or trash needs to be picked up and placed in a trash can every 12 hours, human waste can not be stored in containers)Option 2: He moves out at the end of March, I keep the security deposit as rent and he does not have to pay February's rent and late fees.Option 3: I'll give him $400 to move out 3 days after we have this discussion.Thank you for any suggestions, I would like to handle this delicately as I don't want a squatter living with me.

Homewrite is seems like it could be a good option.