I honestly like these methods better considering the amount of flexibility you have with negotiating. 

@Jacqueline Cliff, I'm going to remain flexible.

Not to mention you also have much more flexibility with the tax code.Other options would be to buy better cash-flowing rentals (tough in this market), qualify your spouse as a real estate professional, or sell the property.

. $1,000 rental payment (that would be much closer to what my PITI payment would be w/ 30/yr loan)4. 2 year Lease term, provides more flexibility to refiThanks for your time!

This means you need to buy especially well a(t a highly discounted price).Having a great and trustworthy contractor helps too on things you won't be doing yourself (permits).Finally a flexible Realtor is one of my must haves, one that can bird dog you deals and sell your flip for the ARV price they gave you at the beginning.Good luck - there is a lot of  competition in Wilmywood.

I work a M-F 9-5 like many others here do as well, but my schedule is still relatively flexible.

I live about 1.5 hours drive south of the property, my schedule is flexible but I won't be able to run up there at the drop of a hat.

Different markets aside, if there are other hungry buyers out there and you have a diamond in the rough, then you gotta do what you gotta do.This is a very flexible arrangement in these situations.

You will be able to sell one when/if you want to with or without the other (flexibility).

Because winter months are coming, be flexible, collect as much rent as I can through January, then terminate the lease.   2.