I love income properties so my first inclination is to keep it.

It is interesting to see in the Smokies 8 to 12 bedroom homes are not getting that much more income than 4 to 5 bedroom BUT has 4 to 5 bedroom been overbuilt as they represent majority of the building permits?

Good Morning, I have heard of people using their deferred comp. retirement accounts as temporary loans to fund rehabs, buy properties, etc.

What bank in CT will lend me this no income verification Also my credit score is 750 and I only have 1 year of credit history. 

I agree with Jordan, your agent is the best in coming up with comps and ARV. 

You have to figure out how to deal with them or say goodbye to the income.

I do like to start with open communication but if a tenant does not appear to be interested in coming up with solutions I recommend using an attorney right away. 

Having the S-corp also helps with "real estate professional" status and could potentially give you limited active income for specific write-offs and an ability to contribute to a retirement account.

I live in FL, so no state income tax.

Do they plan on getting income?