But I think you could take this a step further and instead of charging no rent, your rent could be the cost of the taxes and insurance annually.

The predicament we are in is the property is not in the condition to charge that much for rent and we would also leave a lot of money in the deal once we refinance if we cannot get in there to fix it up.

First thing I'd do is check comps to get an idea of the demand and rates you can charge for your condo as a MTR.

They're better at collecting rent and charging late fees than most owners ever are. 

In terms of other factors, I'm not sure there's a lot because I did have some people express interest in filling out an application before, and I actually got really close with one potential tenant, but it was because of the alcohol policy that he ultimately decided to back out.

As someone who manages over 1,200 properties, I can tell you that proper screening is where professional property managers (PMs) really shine.Here’s why working with a professional PM is worth it:Screening Expertise:Fraud in tenant applications is more common than many realize.

For example I don’t know of any say plumber that charges $120 an hour but brings two guys and charges $240.  

.: I was told by my PM at a recent move out it was now considered normal wear and tear and you couldn’t charge for it. 

Some costs are eliminated (such as 'soft charges') while others are accounted for in the interest rate. 

If you have a buyer's agent, you should have already signed a buyer's representation agreement and that fee/commission is disclosed in that document so you should very well know what that charge will be.If you were the seller and going to owner finance the property, what would you want to see from the buyer that tells you that they will be able to pay the mortgage moving forward.