So I think the best bet at the moment is to hold onto the condo for now and eat the $300 dollar a month loss (plus expenses/repairs/etc)  until this current lease is up next summer then attempt to raise the rent and break even while hoping it further appreciates. 

But that isn't a problem as those will be learning moments. 

@Matt Maurice I hope a lot of new investors read your post, very slowly, line by line and let that sink in for a moment. 

HelloI have a situation where my tenant is not paying rent after lease expired and saying that he will evacuate the house in next few days but there are no sign of him leaving.What is the best strategy for me at this moment?

@Brant RichardsonI am planning on buy and hold at the moment.

Since you ask about 100% financing, the ones that I have heard of tend to a) be very expensive like 12-15% plus 5 points, so you already have paid a bit of downpayment whether you know it or not and b) the property goes to an LLC which you can get kicked out of the moment you miss payments - no foreclosure necessary and you lose sum rehab efforts you put in.I recommend that if you use a HML (presumably because conventional financing,  which is cheaper, doesn't work for you for some reason) that you go with ones that want you to have skin in the game to share their risk.Best wishes in your endeavors. 

Agree and get it done.Option 2 is like you said - tenant puts the lien on the property, before or after, or the moment he hears you are looking to evict him, and you are back to square one.Option 3 leaves you without the property, risking in courts 2500-4000 in expenses, time and effort that will be definitely more than 1100 of option 1.

I'm in complete sponge mode at the moment so if anybody located in the DFW would be willing to meet up and share knowledge with me it'd be greatly appreciated. 

Meant *dont need an LLC at the moment

Pundits Unanimous across time - Crash is 12-18 Months Away from this moment"2013:Denver Post: “Buyers Caught in a Price Squeeze”CNBC: “Housing Market Already Shows Signs of a New Bubble”2014:New York Times: “The Bubble Is Back”Fortune: “Why the Housing Recovery is over, in four charts”2015:CNBC (Again): “Housing today: A ‘bubble larger than 2006’”National Review: “We’ve inflated another bubble; count on the crash.”2016:CNN: “Housing bubble fears have returned”MarketWatch: “The Seeds of the Next Housing Crisis have already been planted”2017:Forbes: “58% of Homeowners Think The Housing Market is Set for a Correction”USA Today: “Hot Housing Market Could Cool in 2018”2018:Bloomberg: “This Rare Bear Who Called the Crash Warns Housing is Too Hot Again”Business Insider: "A Major Home Price Index is Now 10% Above It's Peak Right Before the Financial Crisis"