It is funny you mentioned the pet component as my original intention was to not allow pets but the existing tenants have a curious exception in their rental agreements that allows for "up to two small birds". 

I discovered BiggerPockets and its vision for financial freedom after reading Brandon Turner's books, "The Book on Rental Property Investing" & "The Book on Investing in Real Estate..."

From there I discover bigger pockets.  

Is something wrong with the property and they just discovered this so they quit paying on it.

Sounds like there is an interest component and a principal component.

We were able to install a new HVAC system, give the pool a complete overhaul with new internal components and replace the roof with new gutters and leaders.

For a 430k investment property, to borrow $260 - 60%, with 770 credit score:Delayed financing within 60 days - 3.625%Refi only after 6 months - 4%Refi cashout after 6 months - 4.5%I’m also discovering this after the fact, that they won’t include gift money in the loan, unless it’s seasoned 6 months.

That is where I discovered how far below market they are.

Upon inspection we discovered that both HVACs were 20+ years old with a few other minor pieces of deferred maintenance.

His brother in FL apparently had an accountant who handled their real estate tax prep & file it, but she discovered he had yet to file 2014,15,16,17,18,19,20.He owes, & owes, & owes.