Your best bet is to keep liquid cash and avoid PMI.

Bottom line, make it so that you never need the seller again after the transaction is closed.

Water from the well has sediments and water forms a yellow lining in toilet.

Looks like biting the bullet and getting an engineer may be my best bet.

If I were in your position, I would look for a bank or credit union that will give you a line of credit against the rental property.

They put their educated, well dressed employees on the front line and hide the Highschool dropouts in the office and that is who's actually managing your home. 

I have done 3 showings with a few more lined up. 2 parties have expressed interest and I want to request your help in choosing between the options:Party1: Willing to pay $4,000 p.m.

I’m hoping to find more success in Phoenix, but as you stated, the old fashioned way may be my best bet.

@Vinny Muli - it is VERY hard but not impossible to get an equity line of credit on a non owner occupied property. 

Quote from @Matthew Beninate: Quote from @Sarita Scherpereel: Quote from @Seo Hui Han: You may want to consider local banks / credit unions just because many of them will require or give you more favorable terms for things like HELOC's and other line of credit products if you have a deposit account with them.