We each have our position and no debate will sway the other side.

He has 5 markets (MSAs) he invests in and it was interesting listening to him talk about each market and what's cooling down and what's warming up, what's better now in a more defensive position versus aggressive positions. 

Hello all-I’m trying to turn this temporary setback into a positive opportunity.

@Samier Mahagna you are in a FANTASTIC position and are setting yourself up to be extremely successful.

Does that mean I need to wait for two more years after I get a full time position?

Probably the easiest way if you are going to keep the condo is to have a rental agreement with a tenant written up showing that you have at least neutral cash flow, if not positive from the rental income and then have lender who will count that income.

She's not always in the position to see houses the next day, but we can be.

Do you get positive responses when you do mention the back taxes?

I look at Population & Job Growth, what major Industries/ Employers are in the market, major Airports ease of traveling from NYC to my new market, traveling costs etc, Purchase price to rent ratio I follow the 1% rule but in hot markets it gets harder to find.Markets depends on what you are looking for, if you want positive cash flow every there are a lot of markets that can accomplish this.

Owner financing could be ideal, and if she is currently taking a loss, just giving her some positive cash flow a month would be a big improvement.