NJ is tenant friendly, so she timed it well where the eviction process would've taken until the lease ending anyway.Her lease was up 3/31 - I was able to get her keys and change locks at 12:30am 4/1.After gaining access to the property, it seems like she has 90% of her belongings still there. 

Seems the best options are going to be aggressively attack my principle to increase equity so that i can open up a HELOC to put a down payment on another home (a way better deal) in order to rent it out and use the passive income to add to my paying down my mortgage before doing a rate-term refinance to prepare my home to cash flow when I’m ready to rent it out. 

Padsplit seems really interesting.

I have also used Zillow and received multiple applications through there, which seems to be a reliable resource.

Sounds like a hard money lender that wants to take a property from you when you default.There's a lot of issues here starting with a guy that will loan you money and once it gets difficult wants you to abandon ship- red flag.There are a lot of unknowns here but trying to dump it seems like a 100% guarantee to lose money.

It seems like a hard money lender typically a private individual or venture firm) would be the only route to go since they are a little more lax on lending requirements than a conventional lender.

Account ClosedThanks so much for sharing, lead source is so critical and it seems to be where the most pain is felt early on. 

My lender seems a little iffyy, I'm not sure if how I describe my intended use of the property will influence if they give me a loan. 

It might seem like you're doing more than 50% of the work and maybe that is true. 

It seems like a sweet deal for the tenant and the house is actually great in a B area.