if repairs are not made or the COC is not obtained in short order you can lose the rent as well.Hiring a lawyer is a waste of money at this juncture and you should put all of  your resources into fixing this home up, getting the COC and do things properly. 

That's a very interesting point about the price of the home making it harder to BRRRR properly; that's not something I would have considered, so I greatly appreciate the input!

FYI I have lost my job, collecting Works comp for the past 2+ years I won't officially retire for 2 more years but have access to my retirement cash after 36 years of working.

Only legal way to do it w/o getting a license is to find someone with the proper license (agent or broker, be sure you know what the state requires) and they become the principle (generally) broker of your new PM company. 

@Eric MillerThe IRS does not care about the loan product that you have.The IRS just wants you to properly classify mortgage interest as a Personal Residence mortgage interest (Schedule A) vs Rental Property Mortgage interest(Schedule E).Best of luck! 

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

Purchase price: $205,000 Cash invested: $50,000 Primary residence - officially free and clear -----> 8 years of rice and beans =)

We refurbished aspects of the home and properly marketed for rent What was the outcome?

Maybe there is more official terminology for all of this, but this is how I think about new opportunities.

Take ownership of your mistake and learn to do the proper due diligence recommended above😊