Plus, with homes with prior appreciation, you can loose the section 121 capital gain exclusion when you convert it to a rental.Run your residence through your deal analyzer as if you were purchasing it to rent and see if it meets your investment criteria and see how it compares to other properties that you are considering. 

When it goes down you loose your job your income and maybe more.  

Personally I think it is appropriate Karma that they pay for the benefit of such an outrageously low tax assessment with loosing the property due to their own negligence. 

The flooring has moved too much and pulled loose of its fastening system and it will not settle back down.

By comparison, a wholesaler isn't bound by any code of ethics, so they could theoretically do what they wanted. 

I would personally never keep the property and loose 18k while waiting for it to cash flow.

Using all the basic assumptions for that theoretical property:1% rule: $54k/yr in rent50% rule: $27k/yr net after costsfinance on $330k note: ~$19k/yrcash flow: $8k/yearSo instead of loosing $5k cash over the next 8 years, you could be making $64k with a better performing property, and still building equity in the new property.  

(I won't hold you to it, just to use as a loose idea)

They are also loosing people as fast as you are.

You WILL make mistakes, and you will loose your *** once or twice.