In the short term though, I think this could eat some of the cash flow.My plan B would be to continue to live in the property for more than 1 year if the market continues to be weak and I struggle to increase the rent enough to make the property profitable.Do you think this is a robust plan?

The government cant force every LL to become lenders and eat the lost rent and spread the return over a 30 year loan. 

The reason why I’m asking, is because I’d like to be the banker and eat up the interest on one side, then use the interest paid by the tenant on the other side for tax write offs and cash flow?

The fees over time eat away at your gains which is something a lot of people don’t understand somehow.

An Exchange Accommodation Titleholder or EAT would enter into a 32 year ground lease for the land that you want to build on.

Appreciate any and all advice, my Realtor and I are about to give up on putting in any more offers as the bidding wars are very quickly eating up all our cashflow on anything we can find these days.

Currently, lots of out-of-state investors from California are eating deals up in Columbus OH left and right the markets hot. 

Revenue off of that same $700k, but SEVEN sets of fixed per loan costs.And both will eat up the exact same portion of that 7% slice.

Some years a deal eats more cash then it throws off. 

I think it's also important to realize that while this area may be a "c" area, it's a "C" area by Manchester standards, which is still far better than most "C" areas across Hartford County CT.The siding is basically a non issue unless you plan on eating it.