I am in a very bad financial situation. 

To my surprise, Jonathan claimed no knowledge of this situation; I sensed some defensiveness on our call.The damage to the home was extensive enough to require two holes to be patched in the roof and a small hole in the bathroom ceiling to be repaired.

They will not understand your situation as well.

Since this property is currently in our personal names (not our LLC) we've been paying for a $1 million dollar umbrella policy for about 5 years now to help in any situation that may occur with the house and ourselves personally, so perhaps I shouldn't be so worried about the equity build up in that property... it's probably unfounded.  

My current financial situation only allows me to deal with lower income properties.

I’m completely disgusted and frightened by the whole situation. 

My situation: $135k HELOC, ~$5k in cash, and good credit score with steady primary income as a Financial Analyst(meaning I should probably know this answer haha).

The reason I am asking this question is, I am in a similar situation and in the verge of making a conscious decision.

@Charles OglesbI just had this situation.

To give you some background on my situation, Most if not all students after freshman year move off-campus and rent.