If someone can't catch up being 1/2 month behind after almost a year, they aren't going to be able to catch up any further. 

Living as close to rent free as possible looked great but having the cash account grow year after year was the real eye opener.

Here is the catch, I just spoke with an accountant at one of the big box chains, who calculated that the capital gains hit will be $6079, which, if my math is correct, 15% of 27K is $4050 - She said we have to take into account the down payment and include that in the calculation, which seems insane to me. 

I recommend keeping an eye on what homes similar to yours are currently on market for rent for in your area and save them so you can track how long they are taking to be rented out.

So far I am sitting in tax filing, appraisal, and bank timeout waiting for everything to catch up but in 30 months I went from 3% to 25% ownership.

So far I am sitting in tax filing, appraisal, and bank timeout waiting for everything to catch up but in 30 months I went from 3% to 25% ownership.

The original rent is $2,250/month, fell behind 4 months in Jan 2019, so the $3,000 is catch up on the past due rent.

I was looking for the catch and I could not find it.

Its a bit of a catch 22 at the moment. 

This also gives you not only a realtor's eye who will be thinking about resale values and quality of work from a renter/buyers perspective, but also someone totally independent of the work being done (contractors) and management.