@Mike Santos I have found 203K loans to be great, but there is a lot of red tape. 

After management, and looking at a monthly expense of about $150 averaged over the past year for maintenance, I am in the red monthly.

Inner city millennial buyer is dominating, suburbs for move up houses ( that we build is still red hot)..

Now, if the 5% is non-refundable, that would be a red flag for me, and I would walk.

Refinance would put cashflow way in the red so not really an option IMO.

Since the IRS recommends segmenting the depreciation into these separate categories, it will not raise an eyebrow, or RED light.

So, if we did rent we would be in the red at least for the first few years.

Finally, assuming you did not inherit this tenant take a step back and ask yourself what you should have done differently, where there any red flags, and is my screening process in need of any tweaking so I don't ever have to deal with this nonsense again?

Second, they said these tenants did pass all their usual checks, but another red flag for me is that my property manager only had called their current landlord as a rental reference - and that's it.

If someone was able to work through the red tape at the county airport and built a bunch of hangars, they'd likely make a pretty decent and consistent return on their investment.