Most Landlords are just trying to uphold the agreement, not destroy someone's life or push them onto the streets.If you're in a major city, you should seriously consider moving your investments to a city, county, or state that still believes in personal responsibility.

You wont be able to refinance the value of home since a turnkey price is either market or even more than MLS Comp price. 

The problem is that tenants intrinsically know this and most wont be attracted to a property that only offers an initial monthly lease.

I wont be the typical bigger pockets person and be naïve and overly optimistic. 

We really want the bigger property we would be able to buy another 4plex in like 2 to 3 years after this one.I just want to make sure we wont be stretching ourselfs to thin for this first househack if that is a thing.Thabks! 

The only way the banks we're allowed to refi was by going to a 20 year, which destroyed our cash flow. 

Perhaps this would be an option.We want to A) Not end up Owing MoneyB) Not have our credit be destroyed with a Foreclosure or Short Sale- we have to buy a house again in our new stateC) Have the Tax damage minimizedD) Not Make Situation worse or more complicatedE) Would like to hold onto house as rental because it's appreciating in SoCalThank you!!!

@Stephanie Dean As a contractor I will tell you 203k requirements are a royal pain I wont do them anymore .

Many mortgage companies require a wood destroying insect (WDI) report, so it’s odd that the realtor doesn’t understand that.

Call local wholesalers and housebuyers and hopefully they have a good reputation so you wont get screwed.In the future make sure you can perform on what you bid on.