Goal would be to move back in within a year or two after saving and carry on as normal.

Since 2012, we've spent about 9K of monthly carrying cost and limited maintenance. 

The very first deal we did in the Heights we had the owner carry back the construction note then when we refied him out, we had to use a much larger property and a condo deal for comps. 

He told me that we can't do that and that it is a partnership.In looking at the IRS definitions it states:PartnershipA partnership is the relationship between two or more persons who join to carry on a trade or business, with each person contributing money, property, labor, or skill and each expecting to share in the profits and losses of the business whether or not a formal partnership agreement is made.The term "partnership" includes a limited partnership, syndicate, group, pool, joint venture, or other unincorporated organization, through or by which any business, financial operation, or venture is carried on, that is not, within the meaning of the regulations under section 7701, a corporation, trust, estate, or sole proprietorship.A joint undertaking merely to share expenses is not a partnership.

I would imagine it would cost a a few points up front, and carry an interest rate higher than a traditional mortgage. 

I also carry $300k coverage myself.

Carrie Reyment - realtors.

Buyers will face competitive conditions this season due to continuing inventory depletion carrying over in March housing trends.While there has been a slow down at the rate that total listings are staying on the market, 36 of the largest 100 markets in the country are still seeing inventory move at least a week faster than this time last year, according to Vivas.

But in this case it's not costing the buyer a dime to tie it up, it IS costing me 8K a month since I've given notice to 2 tenants to move as a result and am now going to be carrying the mortgage myself, not to mention the stigma of it being on the MLS for this long if I relist, having had it marked pending, etc. 

Three, not all E&O policies are the same, the policy your broker carries may have restrictions as well.