This seems like a brilliant way to soften market cycles and reduce risk at both teh individual and the overall market level.

From there i'm guessing i will decide whether to A. rent it as is for the positive cash flow and hire a prop mgr B. rehab it (from out of state) and then either rent it for more or sell it to a non-investor/wholesaler or C. dump it to an investor or a handyman and just try to walk away with something.Now that i'm done spilling, i guess i'm just looking for some feedback on my current situation, if anyone has been in such a position and what all of the brilliant and experienced minds here think the best course of action would be.

ahh very brilliant.

Not sure what the problem is, she has agreed to pay an extra $100 a month towards a new deposit, therefore she can't afford another landlords deposit, she's been there 4 years already, and she can't go anywhere because of this credit issue.Sounds brilliant!

Brilliant. 

@Jeff Sprunger  Taking pics of the contractors trucks outside HD is brilliant!

Pay income tax and uncomplicated.

I met a self made REI millionaire on a job And we talked a bout my "brilliant" plan.

His use of data to select top tier markets is brilliant. 

(And don't get me started on anything to do with @Brian Burke - aside for being brilliant, he knows nothing!)