- Is the cash flow needed for income to live my life or going to savings for something I want/need?

Read "Set for Life" by Scott Trench and "The Househacking Strategy" by Craig Curelop.

I turned my former personal residence into a rental and have it listed as such, with occupancy coming up within the month.

@Jerrell Sweeting   I know in NJ this was the difference between eviction(tenant) and ejection (just a " guest, no money agreement) of a person.   

Then you use those on your personal taxes.

That sounds like a well-considered plan, and visiting in person is a great first step.

The seller can remove their ID, banking info, and anything else personal and you can login and add all your information in addition to changing the email.

They are written off your personal residence.

I would say it is on life support because after refi the negative cash flow necessitates extra reserves.

My questions is, let's say something bad happen on the sellers life say divorce, accident, bankruptcy anything like that and while I keep posting my monthly payments to the seller the payments from the seller to the lender stop.Do I have any recourse at that point if the lender decides to foreclose the property due to seller's default?