Pissed off you have no choice but to pay for 2/3 of the cost.A month later, this Frankenstein'd 17 yr old machine dies out again and the insurance company wants another $99 deposit to come take a look at it a second time.  

That was until I made a bad bet.

@Reyna LopezNo, you won't qualify for traditional conventional financing if you switch from W2 to 1099 (although some alternative lenders have embraced the new CFPB guidelines that don't require income verification).Your best bet, if you are making the money you hope, is to get an asset based DSCR loan.  

I’ve got a rough idea, but I bet there are a lot of little unexpected costs I am not anticipating.

The local property managers are probably your best bet crossed with rentometer.'

It is the difference between your adjust cost basis (acquisition +improvements-depreciation) and the net sales price.Your choices for tax mitigation on the sale while staying an investor would be a 1031 exchange. 

Folks seem very willing to dramatically pay more in these “affordable” markets in a feeding frenzy fueled by cheap mortgages and limited choices for house hunters.

For example, now, with interest rates as low as they are it might not be a good choice because when you go to refinance at the end of the initial period you might have a hard time finding as low of a rate as you could today, and thus you would've been better off obtaining a fixed-rate mortgage at today's rates.So, I feel like I don't hear about this type of structuring a lot, and I'm wondering if I'm missing some things that I would only know if I had experience doing it (i.e. how hard it is to refi out of the ARM, or realistic rates during the initial period), or that I'm just not hearing about it now because it's not as appealing giving interest rates today.

If they still are silent then you have no other choice but to go with eviction.

Selling it would probably be your best bet.