My understanding is that you should not operate a long-term rental under an S Corp.

Purchase price: $317,000 Cash invested: $30,000 Short term primary -> long term hold with a 3.25% interest rate.

@Gabriel MiritelloNice last name, BTW!

I am trying to determine now whether I back out of this deal or think about the long-term potential. 

Lastly, just coming from the banking/lending world. 

How we react in those critical moments determines our long-term success.

One last thing - why FHA?

I used Semi Gloss . ( yes it shined for the first couple years , but it lasted 12 years until I decided to put on Vinyl to match the house 

Lastly, appreciation has been roughly 58%.

Since that decoupling, there has been a long stream of "rah-rah" shows that IMO did not focus on ordinary people, bringing a sense of reality back to the process, and inspiring people not by stoking BS dreams of Grant Cardone (who's Grant Cardone, my long-running joke) but by highlighting how your any wo/man could do it, in a realistic way.