(Investment friendly)Have the house flow and small staging of bathrooms and Kitchen.Good Luck Rivera's.

Like the others said, financing is tough and this would not be a good cash flow property.

One model I’m seeing investors doing is the rent by the room strategy / padsplit.IF done right, you can turn a single family home to function like a multiplex - increasing the cash flow by double, even triple oftentimes.Has to be the right property of course / layout / characteristics to minimize drama and conflict between roommates / tenants since it’s a longer stay than STR and spaces are shared but with the right set up and systems in place in can be extremely effective and super profitable.You can easily switch from STR to MTR since it’s already furnished and just make a few tweaks.I can definitely help you put some ideas together or connect you with some investors I know doing it in Jacksonville FL. 

@Dennis DoughertyI’d sell it and invest your money into a cash flowing property.

To locate properties that meet your requirements, make connections with wholesalers, other investors, and real estate brokers.When investing in real estate, especially if you want to keep the properties as long-term rentals, positive cash flow is crucial.

If you sell, you'd just pay off whatever balance was owed at the time of the sale, the same way you would with conventional financing.If it cash flows for you while providing income for him, I think it's a win/win. 

If anyone is considering doing a FHA loan on a 3-4 unit property, especially in a high cost area, feel free to reach out to me for feedback/discussion as I just went through the real school of hard knocks, but came out with a great cash flowing property!

If I go to rent it out at some point that's a negative cash flow of nearly $1400 assuming rents and rates stay the same.

Based on current rent not potential rent max price should be 900k to be able to cash flow property. 

The younger you get started the more time you have to home runs, make mistakes, cash-flow, and hold appreciating RE.