Also I think if I compare equal amounts of hard work at my job vs. running a real estate investment business, I will make more in the latter.

We are seeking advice on how we should handle this situation.More details: The rental was not listed until several days prior to closing as our agent indicated that he didn’t want it to span too long, and it was not convenient to show the property as he had to call/text the seller each time.

However, there have been numerous work orders for the property this year, and the crews would no doubt have observed this issue and should have reported it back for repair prior to my receiving the citation.

Keep in mind the vast majority of tenants are irresponsible.I personally would never invest in a SFH as a rental however providing you are prepared to leverage 80% and reinvest the profits this property for the time being is a worth while keeper for you.Tenants will beat the h*ll out of it so decide if it is long term and you don't care or sell in a couple of years before there is too much reno work to be completed prior to selling.

There would be a many unknowns compared to a property that was completely occupied. 

I am currently renting and verified that we'd be covered if there was any damage during the hurricanes prior to.

By doing an FHA loan, I have reduced my total investment by almost $100k compared to my actual deal and I am almost breaking even!

You can use another portfolio or hard money lender that doesn't have any seasoning requirements to pull more cash out prior to your conventional lender's seasoning periods end.Edit: Also, you shouldn't have trouble getting a hard money loan based on your experience.

Couldn't edit my prior post to tag people to ask about direct mail

@paul lower it to $1,175 to 1,195 that will reduce your income $300 at most compared to another month of vacancy. $25 per month difference will get you more calls.