You need to carry a special type of health insurance, not the traditional kind.

The dilemma i have now is that its been vacant since September 1st and I have been carrying the mortgage.

You will truly be raising the clock, as each day will cost you very significant money.  12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA). 

Some like to do owner carry and stack up the passive monthly income etc.

It depends on how many guns you want to carry!!

First, it is necessary to achieve favorable financing terms and  secondly, I do believe cash flow should carry most rental properties with limited exceptions.

Leads that seem dead today might turn into gold tomorrow.

The under writing doesn't carry for a 1.25 DSCR which (at the moment) is the golden rule for banks and commercial hard money lenders. 

The reno's , accounting, lack of communication would become MOOT.A buyer who didnt take that flight carries on.  

Quote from @Adam Bartomeo: A tenant that pays their balance after they move out is almost like spotting a unicorn, bigfoot, or finding a pot of gold at the end of a rainbow.