He said " he would rather pay $2000 a month than sign a lease with such a crazy price hike "So I have a few options , give 60 days notice , move into the bigger house , now have my larger house, extra bathroom and garage for my hot rod and only increase my portion of mortgage $350 as I believe renting the 1/1 at $1300+ will be cake .Or supply 60 days notice and get new tenant at anywhere from 1850 -2150 a month and stay another year in our small 1/1 . 

You should contact them directly as I do not know all of the details for each.

Available lines of credit and a steady stream of extra money from your w2 job can’t mitigate that risk .

Nobody can tell you if the property is worth the investment without more detail.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

He likes the idea of us buying his home and renting it, basically do he can have nothing to do with the details.

He did everything on an iPad, took pictures as he inspected/found issues, and compiled everything into a very detailed report.The second inspection was done on a property that I purchased long distance.  

Loan Details: Pre-qualified for a $150,000 30 year conventional loan with 3% down, 5% interest rate, $95 PMI, estimated $100 insurance.

If you are having problems getting it rented or your gut is telling you he is legit or you really want to rent to them for some other reason just get a big extra deposit.

Anyway, I wanted to put a few details out to the community to see if anyone has any suggestions:1.