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We used one of our existing local lenders to provide the majority of the purchase, and the rest was provided from our investors.

They are billed as "a scientific approach to single-family rentals" and use "institutional grade property management," which usually means they are a tech company in real estate and likely either don't have the existing property management relationships in each area or you chose an area where they don't have enough units through Roofstock for the PM they chose to care.

Consider duplexes or triplexes that can help offset your mortgage and provide steady income while you figure things out.

But it’s clear you’re a smart investor who knows the long-term benefits real estate can bring.I keep reminding myself why I stick with real estate: you can make money every month in four different ways:Cash Flow – Passive income to live on.Appreciation – Long-term property value growth.Depreciation – Tax benefits that reduce your taxable income.Tenants Paying Down the Mortgage – Even if you’re paid off now, this is one of the biggest wealth-building tools for leveraged properties.It sounds like your main struggle is the stress of active management—and trust me, you’re not alone.

Home equity is the difference between how much your house is worth and how much you still owe on your mortgage.

The first question is, can I use a second home mortgage (10% down and lower interest rate) for this. 

Adding the current mortgage and utilities would be roughly $1,350 resulting in a profit of $650/mo.

That would be best option as a traditional bank wouldn’t do this I read that I can assume the existing mortgage.

I’m thinking with a 2.25% rate, that’s a good mortgage to hang on to if it performs well as a rental.