Take you 4 to 5 years to break even even if saving 200 a month on payment for the 30 year note. 

In MA that is now commonplace to waive inspections which is mind-boggling in some of these older homes but it's working for buyers.I'd never advocate completely waiving on the buy side, just too risky for my blood but on the sell side its like Christmas morning to see a waived inspection.

@Kyle Litz, Great PostThanks for breaking down the pros and cons of the software.

Yes sell it, however I am not certain you will make any money or even break even.

Due to this, the tenant with the dog wants to break the lease because they do not want to get rid of the dog.

One way to still get 10% financing without these large hits is to break the financing up into a 1st and 2nd mortgage (HELOC) and still only have 10% down.   

They are capable of breaking out on their own but have decided to continue working under someone else.

Our first house in Highland Park will make a great rental property with low operating expenses, but our current house in Saint Anthony Park is a higher-end, modernized home that would make an exceptional profit  if we sold it (as we did a complete renovation ourselves) but would be break-even or negative when renting.

The trees freeze over when it's cold then the wind breaks them off.

A lot of time people say they're "doing great" on a house that is just breaking even and they're happy that their vacation home's mortgage is being paid each month.