In your opinions, would it be a good idea to assume the mortgage on the home and then do a lease option for a $5k fee (pocketing the $1k remaining) which would then allow me to collect the positive monthly rent?

The tenant had a clogged kitchen drain, and when she called in, was treated harshly by the person she talked to, told that the drain was "her fault," and if she wanted someone to come out, she would need to pay out of pocket.

And I know there are some decent pockets further north, and you can probably find some deals.

My name is Chris Cook I'm 29 years old from New Orleans and I'm new to bigger pockets.

Hows it going bigger pocketers ?

I paid $7800 of their closing costs and they came out of pocket for $1500.

At 65% occupancy, with 10% down ($65,000 owner financed at closing - no cash out of pocket), and 90% mortgaged through SBA and bank ($585,000), $7,800/taxes, and $5,000 in misc. expenses/annually.

Unfortunately my b.p. has a nice income but terrible credit, and I have no proof of income but a 720 credit score, so we have decided on using HML, and possibly having to pay reno costs out of our own pocket, while we deal with that.

So happy to have found Bigger Pockets a few days ago.

Welcome @Scott Demots to Bigger Pockets!