This was a great read and I really enjoyed how you broke up your article with bullet points and titles.

It's called inflation...and sellers, good or bad, don't "go away"...they just adjust.4 Posts in and firing bullets at imaginary objects isn't going to get you ejected from the site. 

Or should we bite the bullet and get a mentor that may or may not save us some growing pains? 

I'll include a bulleted list of the main items that jump out at me but you should consult a CPA for more specific advice, as the numbers you have presented are unreliable:- If you're renting only a portion of your home, the common home expenses (mortgage interest, property taxes, insurance, utilities, etc.) must be prorated between rental and personal.

It looks like you're on target with the bullet points you provided here.I do this type of deal all the time, feel free to connect with me to discuss more (preferably tag me back in a reply here so I can provide value to everyone with public replies).You can catch up the arrears, make monthly payments, and either LTR, STR, or wrap-sale it to yet another end buyer for a markup!

You will not find any inviting of your desire to work around from within the system because all of us, were in the system, we bite that bullet, paid our pound of flesh.   

If it is a single family, maybe you bit the bullet and cut the grass yourself.  

My ideal criteria includes: 1,200 - 1,500 sqft, 3 bed, 2 bath, garage (contingent on elevation), and bullet proof.I have seen some listings for somewhat odd and overgrown parcels of land selling low where the numbers might work quite well.

You may have to bite the bullet and special assess to catch up on the land lease and cover association costs.

I think bullet point #8 is the interesting part.My questions for those of you with more experience are:1) Is this what I've heard called "a wrap"?