Be aware that FHA financing will be a negative though.

At this time, it does not work for me, since that option will create a negative cash flow on my property.   

Seems like renting it with the above numbers would leave you, at best, very lean, and, at worst, in a negative cash flow position after accounting for property management, vacancy, repairs, and Cap Ex.For example:$1,800 Monthly Gross Rent - $1356 (PITI) - $180 (10% for Property Management) - $180 (10% for Vacancy) - $90 (5% for Repairs) - $90 (5% for Cap Ex) = -$96 Net Monthly Cash Flow (It would be even worse if you could only rent for $1,700 per month)While you might not need repairs or capital expenditures in the short-term, with a 12-year old house, you're probably past the midpoint on the useful life of some of the systems in the house (e.g.

A bankruptcy is looked at as a negative no matter what chapter they filed to lenders.

It helps keep the landlords aligned with the City's goals of having nice, safe, clean streets and properties, and helping incentivize landlords to rent to good, responsible tenants, and manage them effectively so things like this do not happen.

We never hired a management company, as it was not cost effective with rent we have been charging and it is only one house.Another question: If I do wait til Fall 2019 to sell, should I rip the carpet (up the stairs, living room hallways, bonus and bedrooms—2600sf house) and leave floors bare, (it’s light colored, horrible carpet) to allow buyers to add their own?

The only reason to do that would be if you feel that the IRA would grow more effectively in real estate investments you choose than in the current investments.Because your husband is of retirement age, he can choose to take distributions from the IRA. 

I feel like that area will gentrify and appreciate, but most of the stuff I read about that area currently is negative. 

We have quickly realized why the BRRR strategy is awesome for being able to scale faster.It will be some time before we have enough cash to buy a property in cash and fund rehab costs.However, with the renovations we did on our primary residence and the increases in the market, we could probably access around $100k of equity thru a HELOC.I understand the risk of having the HELOC maxed out when the market starts to decline, but what about just using it as supplemental funds for acquisition/ rehabs and then paying it mostly down after refinancing the properties..any negatives?

I used to have negative cash flowing properties and swore I would never do it again.