How is physical occupancy?  

I bet the rate of Engineers going homeless is all but 0. 

If someone is willing to pay you $500k / year, I'd bet that you're a pretty high value / hard working person.

I bet $1 this a bot. 

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

Is this just someone betting big on inflation?  

I have been a Union carpenter for four years now and enjoy working physical labor.

Honestly, upgrading to a commercial-grade stackable setup like Speed Queen or Maytag might be your best bet.

Other companies people use are SNSC, FCI, Landhome, Homekey and others.That would be your best bet.

If you kept the property, and accumulated the CF/yr, it would take you 25 years to get that same equity that's sitting, frozen in your property.Also, if you cashed out and used that same equity as a DP on different RE, at 20% DP, that equity would buy you $2M in PV, not just $700k,...and, I'd be willing to bet, you could find new RE that would have a yearly CF well over $20k/year.On top of that (remembering my initial statement above), any appreciation applied would be applied to $2M, not just $700k.