Also, when I switched to new management, Northpoint suddenly issued new "fees" (some back-dated for 2 years ago) and wouldn't pay out the money that they owed me.

Why then do they pay $35,000 to obtain what’s basically a sales position?  

Electric heat can be very expensive in the winter so I would always encourage landlords to have tenants pay utilities so they have some incentive to conserve.

In addition, you've got your HELOC on your primary you'd have to be paying back also.

Now I spend 5 years hoping they make their payments and somehow refinance to pay off the balloon. 

When you borrow money you agree to pay it back.

Are there other more creative ways to start cash flowing in year one Be careful because federal mortgage fraud and going to jail is a real thing.

If you think you can manage a mortgage, taxes, insurance and the upkeep of a home while paying your student loans then buying is not  bad idea but if you think you will overstretch yourself renting is nto bad either.

People pay a lot of money for advertising, so here is your chance to gain valuable "real estate" for free (or for the cost of a sign).

If you’re paying market value and they just have zero equity I guess you could argue you’re just giving them two years to move out.