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

There is no magic pill.

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.

I'm not shocked at the asking price, but its a big pill to swallow.

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.

You keep control of your property and chances of multiple tenants leaving at the same time on M2M is very slim.

I found some cash flowing properties in Long Beach area which I think has a good upside in the future but the margins are pretty slim and post renovation you would be looking at 750-800k range.From what I've read, OOS is the way to go!