Also, since it is a residential mortgage it has a 30yr term the rate will just float, but no balloon payment.  

@Mark AlexanderIf you have any questions you can float them by me.

Get a paddle board, floats, etc. 

Yeah- there's nothing so irritating in the creative RE world as all the invented terms floating around. 

I am thinking vinyl planks for flooring, ones which glue, not the floating ones.

I guess you could also look at it this way - if one side of the coin involves paying the gov't $66k in taxes, can you afford to float a new purchase for a few months (meaning it will lose money - you are eating the monthly carry cost against no renter income) until things open back up?

Ex: 12% response rate for direct mail, 50% conversion rate = 100 directmail pieces to get 6 dealsI know that's a rose colored view of what I would like to happen but you get the drift of the question, any help would be, well helpful. 

There are always deals floating around, don't rush in just because this one is next door.

Try floating those out in front a non-rational thinking person with trust issues to begin with.  

All good points and not trying to start a word war either:)Let's just say we've seen few people that can research and do everything necessary to successfully be a DIY landlord, but significantly more people that "float" through the process and then have no idea what to do when confronted with a landlord challenge.