@Patrick Britton I am a huge fan of local banks, and would recommend simply calling every local bank in the area and pitching the loan to them.

.:1 man army or husband wife setting up a PM shop can be a bad idea The other problem with that, as a small client of a small PM shop, it is quite simply not enough money to move the needle. 

The way it was worded I thought you were going to attempt cash-flowing the property to save a large portion of your rent.  

Assuming your state codes allow you can simply give notice to non renew any tennat that does not comply.Raise there rents, replacethem, do as you please.All completely dependant on your state codes that you must learn asap. 

Simply view the preparatory time as part of your investment in your future. 95% of the indivulaes in your position fail because they view real estate investing as a way to go from zero to success....this is not realistic, you need cash and a solid income if you hope to increase your odds of success.

Simply replace the cheap carpet that was put in and move on. 

That way if he defaults you just simply evict and take the property back.  

If anyone is willing to take a look at the info below and suggest any other options I can attempt to negotiate I would be so grateful.

I've read that financing can be difficult when attempting to finance a Condo w/ a traditional 30 year mortgage. 

I would simply say no.