Wow @Tayvion Payton you struck gold I think I upvoted every initial reply on this thread.

Reach out if you need any advice or you have any project initiatives.

You should have/could have screened them when you initially bought the property, but there's no point doing it after you've had them as tenants for a full year.

We will use the high end of this range ($100k)   This implies the initial negative equity position is $150k  $150k (initial negative position)/$350 (cash flow) takes 428 months to recover the initial negative position (35 years).  

If all else were the same (initial principal, interest rate, payments) the difference would be marginal ... and, in Canada, would favour the mortgage note.

We are looking for 3 year lease if that is acceptable with you.My initial reaction was to decline this offer.

I may have initially done things backwards.

I noticed that your initial post was from 4 months ago and would love to connect with you to pick your brain about your progress over last few months :)

@Corazon B. when we initially purchased the home it was under our name, but we have now gone through the process of changing it to be under the LLC.

I'm a little confused on the initial financing...So you put 75k down on a 230k house - so 32.6%.