Situated on a 0.52-acre lot, the property provides a spacious environment.

@Tom OchiengI would reach out to a real estate attorney for specific advice on this situation since you already have one tenant who is being difficult.On a side note, when I have inherited tenants, I have been most successful when I have provided longer non-renewal notices, like 60-90 days, and offered to assist with moving costs.

If I were to approach a seller of a $200k home, and they had a remaining mortgage of $100k, could I get a new bank financed loan for that $100k, and have the seller finance the remaining $100k of equity to me?   

But In your situation you could purchase the SFH for most of your cash. 

The specifics of your situation will determine where you might need to fall on that spectrum of holding period.

I’ve bought 5 houses from 401k loans too.

I do not subscribe to the idea that you should expect negative cashflow UNLESS you want a specific property in a specific market that is more or less a second home situation. 

I have a son in a similar situation, he went 6 months trying to get decent work and had other issues.

Hey Alyssa,I’m in a similar situation—I live in California and invest out of state.

If it does become a sales situation, let me know.