Also - presuming you paid more for the property than was owed on the mortgage due to competition on the auction (several presumptions there) - the previous owners are entitled to those excess funds from the court - which gives them a resource to be able to afford our rental rates. 

If you cannot yet refinance due to LTV or lack of 6 months title seasoning you can explain in detail.

The reason I didn't like it was the lack of commercial that was out there. you had to drive to get anywhere.

Our rates are very competitive at this time.

We just got disinterested after that due to our distance away and lack of being able to search for property in person.

There are always cycles in real estate, but because of the size of the housing shortage, lack of new builds, and the largest economy in the country, it's hard to envision where we won't continue to see price and rent appreciation.

Many owners of them are getting hit with extremely high assessments lately because of the lack of structural integrity.

Your other alternative is partnering with someone who has the W-2 / who is loanable and they can make up your lack of W-2 / income.

However, more often than not the terms are not competitive or reasonable for the borrower.

As others have stated there is competition and insurance issues.