If you keep it for more than 3 years and lose all of your owner occupied exemption then you can always do a 1031 and roll the equity into another piece of investment real estate and defer the capital gains tax.BTW my vote would be to keep the property.

It also may scar them for the next seven years if they try to repurchase a new home after walking away.Get all the facts and gather as many pieces of the puzzle as possible to try to put together the most comprehensive story of the situation as possible.

Currently it seems shady(highly illegal) but I may not have all of the pieces in places.  

Take bits and pieces of advice from everyone trying to help you and create your model. 

I haven't had to up until this point because the search function is so useful but I'm having a hard time finding an answer to my problem.I'm new to real estate and secured my first ever piece of property back in 10/14 as a first time home buyer. 

I'm new to real estate but, I've put together some pieces of the wholesaling puzzle.

@Stephanie Garcia Carrying costs are going to be the money you need to pay the mortgage, utilities, insurance, and anything else that is directly related to owning that piece of property before you get it rent ready and filled with tenants.  

It is one of several pieces to a puzzle that paint a picture of a good tenant, and hopefully longterm, and a poor tenant.  

The plan was to use different numbers for different marketing pieces to accurately track response rates of marketing pieces.

Moved to central WA to get a larger piece of the pies I bake.