We would be more likely to simply sell the property straight-up as the purchase of our new home will be depleting our savings and we would rather replenish those savings than have rental income from the property.  

I expect to have relatively no repairs needed in the first 2 years that the renters deposit wont cover, but I will carry $100/month from earnings in holding until the end of the year, at which point I will hold and only replenish if I use it. 

I'm using this as a 'reserve' fund, so when things come up, I pull from that fund to complete the necessary work and then replenish it from rents until it is full again.

Just rented May of this year (bought last August 2014, rehab took a while - tenants moved in May 2015)Principal balance of $59k - interest rate 5.5% 30 yr am w Balloon payment 2018Projected 12 mo financials$17940       Gross Rental income (12774)      Projected expense - 5% vac, 5% cap ex, mgmt fee, taxes, ins, P&I pmt & lawn care__________________________ $5166         yearly cash flowProjected cash flow after Refi$3666   (figured borrowing $100k @ 4.5% 30 yr am which I can lock)Thoughts for this place are to cash out refi @ 100k - buy out one partner - taking us down to 2, I'd take $10k cash back myself to replenish my duplex account, I earn a $90/mo mgmt fee -- wouldnt change the cash flow much. --- -----------------------My current residenceRough value $130k, --  after moves have been completed above - it would have projected financials below$15000         Gross Rental income (figured $1250/mo - however $1400+ I think is realistic) (13132)        Projected expenses - P&I pmts of $100k am @ 30 yrs @ 5.75% (shooting high)                     5% vacancy, 5% cap ex, lawn care, insurance, mgmt fee, taxes--------------------------------------------------------------$1868          yearly cash flow - should be worst caseAfter all of this I should be left with $80-100k in cash to purchase rehabs or further buy/n holds

So no matter what I will replenish it. 

Personally, I am with J Beard in that I am leery of renting to someone who doesn't have any apparent way of replenishing their funds. 

Who cleans, replenishes linens and paper goods, inspects after each rental and more. 

This is probably the main reason we were willing to put up with some issues for the time being while we replenished some capital, but obviously this situation is not working and will only get worse when the winter comes again.

The fan will suck out your room air if it is over sized and the room will get replenished with the lovely crawl space air.

In this case, I would return the funds I borrowed to my savings account to replenish the cash I used to buy the foreclosure.