Hi Emanuela,You could consider doing a HELOC but I would say that's only up until the amount where the rent covers the full payment and then some.

I still hope to work at least part time through this journey, but for now I work full time. 

@Andrew Lax sorry, not quite following what you are asking here - are you asking if you should pay full price for a house?

I live in Delaware county and doesn't know the city well and I am sure there are experienced investors and agents who know it well and can give me direction, which is what this group is about if I recall.

If you are not local than 1 -2 may be a hand full.

Real Estate Agent How did you finance this deal?

You may have the 3 day option period there if that hasn't passed yet.My second thought is, in consultation with your agent, if you are willing to give up the earnest money, offer the inspection report, your bank appraisal, and be willing to release your earnest money. 

Then an agent in the area approached me because they knew I was looking in the area and they knew the owner's nephew who had inherited it just recently and wanted nothing to do with it.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Based on this value, the debt service would be $35.5K so CF would be $21.3K annually (over 10% ROI).