BUT, I am sick living in construction and would like to move to a new home and then finish fliping and sell or hold the two homes asap.

AKA are you living at home not paying rent?

That's where I live.

For context, the tenant is an elderly lady in her 70's who lives alone.

The lender does not live in the home and the agreement states that they be listed as loss payee.

They see foreigners as one-off buyers so they're not too much concerned about building a relationship or their reputation in the eyes of somebody who doesn't live there for that matter.

Quote from @Azita Nejaddehghan: Young adult, working in health care, living in Virginia (just outside of DC).

(We lived in that house for years and in other properties we knew this was the case)Disposal: Was newly placed in property before tenant moved in.The fee: $145.We put the fee on the tenant's following month's rent as their responsibility due to resolution provided and plumber's confirmation that the disposal was working fine and structure had no issues.Tenant has disputed the charge, ("other landlords would be appreciative of our notice" "we don't eat a lot" "isn't that what a garbage disposal is for?

It is my understanding that people refinance and then use those funds other ways (personal living, investing, some to buy another property) as a means to minimize tax obligation. 

Recently bought a rental that I am living in and will start to renting it out early next year.