If still 'yes' move to c. an ask what premium do you expect the seller to give you (i.e: discount) to make it worth your while should summer comes and you find out that not only you have 10,000's of non-paying residents in the house but that those are literally eating into your equity...Get expert advice on this from people who specialize in termites - both on risk, damage, feasibility of containment and cost of repairs. 

I'll have to eat.

My guess is they know something is wrong with the unit and they know if you see it it will eat the deposit.

Keep in mind HOA Fee. which will probably eat up your cash flow if you want to focus on condo. 

Dues often eat the profits. 

Plus, it is a deduction for the partnership, so you're not eating 100% of the cost as it's a deductible expense.

Over time I expect the R&M will eat away your CF, but even if it doesn't you are one non-paying tenant and or a significant repair away from needing to sell yet you will owe 2X the actual value. 

In the short term though, I think this could eat some of the cash flow.My plan B would be to continue to live in the property for more than 1 year if the market continues to be weak and I struggle to increase the rent enough to make the property profitable.Do you think this is a robust plan?

The government cant force every LL to become lenders and eat the lost rent and spread the return over a 30 year loan. 

The reason why I’m asking, is because I’d like to be the banker and eat up the interest on one side, then use the interest paid by the tenant on the other side for tax write offs and cash flow?