Housing prices are high, mortgage rates are high, and competition is fierce so revenue is way downIt’s one thing if you bought a while back like many of us did, so your cost basis is much lower.

You'll simply sit vacant for a few months, lower the price then get a tenant.

They will be able to update you on what you need to do to help fire proof your home, and if there are any other options to lower insurance like external fire sprinklers, sealing up, attic vents, defensible space, etc.

As Sean above alluded to- never pay a seller for your future hard work, risk and stress. 

If you tie the bonus to a new lease, a bad employee will lower standards to find tenants quickly.

that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

It's also nice that they have their own recommended insurer, those rates are much lower then what I would pay up in the northeast. 

It also did not have a pool like your property so that would probably lower the desirability as well.

Find a private lender who would give you that debt for a lower amount.

My kids and extended family are in the lower 48 so I don't mind excuses to get down there- and the sun too!