Why don't you just finance it normally?

I was honest about my inability to do the deal with a normal 20% down(probably could have but didn’t want to) but if the seller could carry 10% I had enough cash ready and could close within 60 days.

Both loan servicing companies and insurance companies can be such a nightmare to work with even under normal circumstances.

Then think about writing off your cellphone, your internet, you car, your home office, your tax prep, etc etc etc.  

(and it does not matter if their is a servicer involved) You are correct for any other debt like for example a car loan.

Maybe the landlord works a normal job on top of landlording or otherwise has a lot going on.  

I am assuming in this that normal cleaning was done pre-occupancy and they are excessive in their expectations.

Want to make sure there's plenty of room for parking, as about half your tenants will bring cars. 

If you do decide to go out of state I'd suggest a market you can travel to and from in one day by car or flight at least to start.

We are in TexasHe normally uses schedule E with properties and his CPA told us to do a Schedule E for this one.