Slim margins, especially considering, IMHO, we're at the peak of the market now. 

Second from slim to most it goes [1,2,3,5]. 4 is “renters”; 6 is condo, 8 is modified value. 

"(B) Giving them a non-renewal notice and having them damage the property"You have a business to run, you do not make decisions based on the very slim possibility of what might happen. 

The second issue I would have is, if its not REO already, the likelihood of a servicer dealing with you directly as a buyer/assigner is slim to none.Nothing in your scenario is unique or creative.

I'll see if their reputation precedes them here locally.Your odds of recourse on this situation are unfortunately very slim.

Like you are thinking, if you find another good multi-unit property to house hack then you may be able to absorb the slim or negative margins of the current property and get back into the black.Hope this helps some and good luck brother. 

Only rational can calculate from your numbers is a GRM which comes out to about 6.94 I would need more info but the amount they’re asking, and the rents provided sound like slim margins.

After educating the seller (they have some knowledge of OWF but slim), found out they were burned on a land contract with a Condo years ago but said they are interested in being creative with the deal.

Thanks,Andy Not in Dallas, unless you get into a war zone, and even then I think the chance is slim. 

Rent covering the mortgage plus $150 is too slim, in my opinion, to keep as a rental as well.