I'd be happy to answer any questions that you may have and go over various options that may work for you, but typically your investment is either going to be a loss (if you sell) or have a lower ROI than you initially planned as you will likely have invest another $30k to get it rent ready.There are some people pursuing legal recourse and @Aleks Gifford is a local person who is coordinating some of those efforts so  I would recommend reaching out to him.

Anything that is livable and priced decently will typically get multiple offers.

I did mobiles, looked into self-storage, vacant commercial property and re-purposing old white elephants (old warehouses) or motels or toys r us's or any number of failed brick and mortar structures with motivated sellers. 

So you owe $148,500 to your HML, then typical rental loans allow you to build in closing costs as long as your LTV hits their numbers.

@Tyler Deuel its typically 6 months.

You will typically have to keep at least 10% in just to satisfy requirement.

But, let me color in the discussion from the other side.I've rented in houses for the past 9 years.

When I read this or heard this early on it sounded like your typical teamwork mumbo jumbo, but I have found that it is unimaginably true.

I typically look into the property tax and transfer records, which are all online to see what the property is currently assessed at.

It varies by market but if my PMs fee structures are typical in the market and they’re not overcharging I don’t have an issue with it.