He is playing you.

Competitive sports,however, leveled the playing field for me and afforded me invaluable opportunities that I am eternally grateful for.

Tenant would like me to use my insurance to pay to have it cleaned up but it didnt hit the home, so my homeowners insurance doesnt come into play.

That isn't much to play with and you'll be very leveraged.I think you should try re-doing your budget and saving up.

Assuming the amount you're paying is enough to cover the payoff.A short sale would come into play if the amount you wanted to pay doesn't cover the payoff.  

Buy/hold as an existing income seeker or will you be looking more for value play that you can renovate then either hold or flip out of?

If the old Landlord keeps it, I would consider that theft and I think a court of law would agree.If it's not too late, have the tenant put a "stop payment" on the check before it's cashed.If it's too late, notify the old Landlord - in writing - that the money rightfully belongs to you for payment of rent and demand return within XX days or you will file a claim in court.

So now its time to play the hurry up and wait game, which is fine with me. 

I'm hoping to buy properties near my new location since im just starting out to play it safe.

View report*This link comes directly from our calculators, based on information input by the member who posted.Is there a way, I could make a profit off this property if I am playing 8000 for it