But hard work and knowledge are insufficient to get you to one of those "love it" kind of jobs.

The year of rental is probably insufficient to show you wanted to hold it long term.

If the repairs are of a quality to bring in sufficient rental income..

And if those funds are insufficient, then what?

Also I can keep my home and rent mortage is $1000, rent in area about $2000 it out but can't free up equity because of insufficient income to qualify for HELOC for additional property Any recommendations on finding owner carry?

@Christa S Rickard I'm sure you could operate at 21% but it suggests that you are on auto-pilot...letting the roof rot of the place with insufficient reserves...I'd like to take a look at the actual property performance if you're inclined to send it over...

If your cash to close is $22k and this $50k is all you have, your loan will be denied due to "insufficient funds to close." 

Most policies will not cover you if they believe you or your tenant have insufficiently maintained the item.

I tried to run credit, but they had insufficient credit history, so I waived that requirement.Issue is, currently has been a struggle getting them to adapt to an online system to pay rent.

The amount on the letter was higher than the sales price of the house. 2 days before closing (within the 25 days of backing out incase of financing not being approved) the buyers agent came back and canceled the contract, and provided a letter from the lender which stated 2 reasons for financing falling apart. 1) Insufficient income for amount of credit requested2) Excessive obligations in relation to incomeThe buyers agent also told my agent that apparently the buyers had purchased a car 3 months before they went in for qualification and the lender didn't find that account in their credit report and thus provided the pre-qual letter.