Granted, I could be so far off and none of this matter because the appraisal just isn't there and I just need to sit on an, albeit cash flowing property, without being able to refi for a while.

It sits within a nice neighborhood but is situated in between an apartment complex and dilapidated home, which will hurt its chances for resale.

A licensed home inspector points out moisture, shows a recall for safety on the electrical panel and points out a broken beam.Yup disclose.

Since then, I finished college and continued working my way up through the ranks to sit as our Chief Estimator and Safety Officer.

Just buy it and move there as soon as you can.if it's more than a month tho, I would question the financial wisdom behind buying a house to sit vacant.

I hate thinking about that equity just sitting there, plus I could use a little cash.  

Sit down and write out your monthly expenses and list extras like insurance that you'd have to pay were you not employed. 

I will try to find a mentor or maybe a group who will guide me along, I have a list source pulled, but it's currently sitting not doing anything.

(as you can see the first bullet is not the type of tenant we dream of and the second 2 are short term ones generally which do not help your bottom line.)I think this in a nutshell explains why many out of state investors come in hoping to make money on their rental and are then sadly disappointed when it sits vacant for long periods of time.  

But for the duration of our relationship, that money is sitting in their bank account earning interest for them not me.Is this possible?