Make sure and carry adequate insurance with high liability limits no matter what your situation.A final thought.....and I don't have first hand experience in getting sued but knowing others who have (in Florida), it is very unlikely that a judge will force you to liquidate a property, especially one encumbered by a mortgage, to settle a lawsuit. 

I said I could do it with owner carry.

Are you financially strong enough to carry both mortgages in the event that you need to let your current SFR season as a rental? 

This way they could carry the note for a short time, and then get a balloon; In a sense, they would kind of be like a private lender, getting interest only payments, until the refinance occurs. 

@Carrie Peter, This is not an uncommon scenario. 

Carrying a bad investment with the hope of turning it around while digging a deeper hole seldom succeeds.

these are cash and carry deals as noted above.. thats the exciting part of this.. those with true unsecured cash are the only one's who can play.. so it keeps the no money crowd and wholesalers at bay.. if your going to do this you need to find the rich uncle with the cash in the bank... you pay cash get your deed then take to a HML who will back fill your deal and you do it all again.

We've been carrying that lost forward since 2007 and I'm quite happy that we didn't use it all up in the interim!

@James Canoy there is no hard set number to carry for every house.

We have to carry a Full-coverage Indemnity Bond and Insurance here in WV.