If you have mony in the deal and it is no longer bringing a proper return it may be time to move that money into another property that will return more.  

That had even a passing resemblance to tax returns or financial statements4.

As a side note, FDIC insurance protects depositor money, not debt.

If you would like to show your tax returns or w2s then I can put you in a conventional loan because we are a conventional lender also.

You're giving up some good tax benefits since you're in the tier of taking itemized deductions.

@Pranita Maldikar Unless the seller is a family member or personal friend, I'm not sure why you'd want to put that much money down on the property.

If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment. 

I actually didn’t care about making any money.

Here’s the situation:Purchase Price: $540,000Down Payment: 20%Mortgage Rate: 7.125% (30-year fixed)Monthly Expenses (Mortgage, HOA, Taxes, Insurance): $3,706Realistic Max Rent: $3,000As you can see, I’m currently short $706/month even with max rent.

My Expensive Lesson)My first rental with REI Nation turned into an absolute money pit.