I have just read through the four years of this thread and found some great tips, thank you to the OP @Thomas Youngman and all the content others have provided.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

But if I sold today I likely would lose atleast 10k.Would it be feasible to just relocate for the job and rent the house for the time being and see what happens?

Many ServiceTechs cover this via a service call fee. 

Hope this helps. 

Hello,Not sure if this is the right place for this question (if not, please let me know and I will correctly post).I currently rent out 2 homes.

Foreclosures aren't a super big source of leads though and most end up on the MLS anyways so they many people will see them.

Second thing would be to work with a contractor, this is great stuff to do since you know building a house, building material costs, and knowledge of right and wrong what to do. 

Quote from @Jeffrey Blackman: Hi @Andrew Katz, I'm curious to see if you moved forward with the HELOC and your next house hack.

This means you'll get a good cash flow, but appreciation of the property will be low.In the phoenix area there is more ownership and less renting, but due to prices increasing faster than inflation we are seeing a rise in renters.