I consulted with an attorney that confirmed that and we were going to send him a demand letter, but he ended up just releasing the funds before hand.another point is to work with a better realtor + title company. they were not on the deal in terms of dates and no one (including me) paid attention to the important dates, kind of a beginner mistakes but i had some issues in my personal life that took my attention from that and i did expect the 'professionals' on the deal to be more on top of these dates , but i take responsibility for that as well. i just wont use either of them in the future.Hope that'll help anyone else as well thats why i shared this info, and again thanks everybody for the support, both the mental and technical one.Appreciate yall and happy holidays.

Absolutely appreciate the support!

If you were to look at our income a year later and recalculate a yield on cost it would offer a really nice spread over our mortgage interest rate and a healthy investment return.Fast forward to now--we are actually renting units for around $1,600 (that's not a typo)--which is a 70% increase and we've only owned the property for 12 months.

Financially I don't think my debt to income ratio would be low enough to support both being my residence and not a rental property.

Only 67 pretty healthy, but isolation gets a lot of people, they might have to find what to do you know. 

I suggest comparing markets and see which market supports your goals better and investing there.

Banks can do this because they have millions out and they support the community but private for profit small lenders no way they can do these and keep the rates the same as when they are doing 300k loans at 2 pionts and bringing in 6k in fee's plus junk fees.. its the exact same time effort and paper work to do a 50k loan as a 300k loan or a 1 mil loan. or a 15k loan.  

---So, insist on them providing the rental application and supporting docs for your review.

If you are looking to sell to the end investor make sure you can defend and provide data to support your evaluations. 

Rental income or health" is a false dilemma.