@Drew BittleHow did things work out?

If the numbers work out, you could be looking at a sweet return on your investment!

I left utilities on and visit the home and work out of it 2-3 times per week. 

I know that this is a personal flaw and that I should go for it if it makes sense to me after doing my own research, however, I can't help but think that it may not work out the way I believe it could based on all of the negative sentiment I have received from family and friends.

I recommend working hard to find a way to turn that one into a rental.Sit down and work out the numbers with your wife, talk through what things will look like 5-10 years out as the house appreciates, rent increases and your job pays more.

I'm not a realtor but I work with one and I'm definitely thinking of referring them to him to sell if this doesn't work out this way.

If you are doing rehab work you can sometimes work out throw-ins like that. 

I would work with the property owner and see if we can work out a negotiation charging the tenant for a fair amount and the remainder be paid by the landlord.

In the future when kids come a long I could take over the rest of the house or if things work out well and rates are down I can refi and maybe rent out the entire house at a close to profit and buy a new primary house for my family.Im not sure if any of that is realistic though.

I'm trying to work out the pros and cons, some help from those experienced is greatly appreciated.1.