Another reason to only do it when you have nothing to lose if they sue you for breaking your lease. 

I imagine sometimes people do not steal items (though sometimes they probably do), they likely break them and then they throw them out as to not be charged for them.

At 85% this is a break-even deal at best and nothing anyone should be considering.

A good manager can make or break you while investing OOS. 

They’d have to get $5,500/mo to break even with a zero COC for the $170k down.

Our approach for implementation is to break all repairs into 4 categories by priority:1) Health & Safety - most important as could result in tenant lawsuit2) Property Preservation & Government Requirements - don't ignore a roof leak that costs hundreds to fix now, but will costs thousands in the future.

What is the penalty fee for breaking the lease?

If you get the police immediately then it should be easy to get them out as trespassing or breaking and entering.  

Remember that improperly breaking a lease could expose you to legal risks, so professional legal guidance is essential in this situation.

The house will break even or profit about 100/month free and clear with about a 10% cash on cash return projected What I am considering / looking for advice:- can I owner finance a property if I have a mortgage on the unit?