"Relieve yourself of those high mortgage payments!

Obviously, the more money you put into and hold in a property,  the less $$ you potentially have to play with in terms of getting another property (assuming you don't have very deep pockets).

Hard to tell exactly how deep it was but let's assume ceiling is 8 feet and there wasn't more than 2 feet between water level and ceiling.

This will relieve you from potential headaches down the road. 

Wishing you all the best as you plunge into the deep end of the pool. 

Then I would add a narrow kitchen island on casters, maybe 2 feet deep.  

If you are worried, do a little extra due diligence, and dig deep to see if you can come up with reasons, other than where their income comes from, that they would not be a suitable tenant.Rob

If yes,keep it and let the tenant follow their pipe dreams of home ownership somewhere else.Don't make their problems yours.If she needs section 8 to pay her bills,she can't safely finance a stick of gum let alone your property and you'd be headed for a long an expensive foreclosure before long.Now if YOU need to sell because you can't afford to repair it or it will need major repairs like a new roof,appliances,etc. and you haven't been setting aside money every month to pay for them well then that's different.Put it on the Bigger Pockets marketplace and let one of us buy it from you and relieve you of the burden.Good luck.

The landlord business is not for everyone, and deep pockets are needed to stay afloat. 

If you have deep pockets or a partner willing to pony up be prepared to outlay 30-40% of the project cost between down payment, closing, first construction draw, etc... while you wait for inspections and draws from the banks to be processed.