@Bill Brandt but sounds like that may just work out thank you for your answers

That didn't work out well.

Hope one of these work out for you.TrustcoUS BankTD BankPenFedUnion Bank, specializes in noo HELOC, Cory K Bente on BPUtah: Americafirst 80% LTV on noo 65% LTV 15 year 5.74%80% HE 15 or 10 year 6.49 fixedFirst Florida Credit Union (Jacksonville area)1.99% for 12 months, 5.25% variable 80% CLTV 20 yr w 10 yr drawInvestment property HELOC in Texas from Hurst Lending and Insurance

I am not a licensed realtor and was wondering if what you guys thought about doing something like this or have you done something like this in the past and how did it work out for you?

I guess it just took several months to work out all the kinks in the house which I could have avoided if I had gone through the house in more detail prior to them moving in. 

If I find the right spot and the right tenant, it will work out, but that's true no matter where you are.

(if that deal would come across)  The numbers rarely work out (as you said) for him to make the deal just looking at the depressed market. 

Hopefully it will work out. 

Perhaps work out some payment schedule with the IRS.PS.

As an example If someone applies that’s a transgender and that is just something that just won’t work out because of personal /moral convictions then some landlords would get into trouble if they stated “ sorry I don’t rent to transpecies perverts!”