@Lulu LueHUD has 2 online databases of lenders showing which ones have the most experience with 203k's. 

Taking the loss now is preferable to paying out monthly for the privilege of being a landlord.

I just completed a small subdivision myself - just a word of advice that if you do sell any of these you'll need a release of mortgage from your current lender to do so.

There are a bunch of ways to do this depending on the property type, usage, and you (income and credit scores).If this is a primary residence, you can get up to 90% of the value of your home minus any exisitng debt. 

We've successfully used Mid South Home Rentals (division of Enterprise Realty, Arlington,Tn.) for 11 years now to manage our 24 doors of SFRs, duplexes, & 10 unit apartment..   

It does come down to DTI and what you can show versus what you can qualify for in terms of home price.

It's always a mix of pro's and con's.

Don't waste a lot of time analyzing.

The biggest issue was getting it out of there. $250.

My goal is to rent it out to start generating some cash flow.I’m planning to remodel the kitchen soon, and once that’s done, I’d like to move out to make the apartment available for renters.