Here are some ways to approach this:New Partner Buyout:You can bring in a new partner to buy out the exiting one.

This is a silly question, but if I go in, asking for information like this, how would I even approach the subject?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

I was looking for something different, with a more simple, streamlined, process-based approach a la REI Pebble, and paid (and am paying monthly) because I took them at their word and did not do extensive research before making the purchase. 

Does anyone have any advice on how to approach this scenario? 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

So far, I've started using the BRRR strategy to look for more properties and am refinancing two of my rentals, but there have not been any issues with the fact that we live in an RV.I'm curious if any other investors out there have went with this approach to their own personal living situation.

We bought this since a realtor we knew approached us, we didn't seek it out. 

We are torn between both approaches here.Cam someone suggest what approach is better?

However, there are still chances out there, though you might need different approaches.