I will give you the numbers then tell you mu strategy idea. house purchased for 415,000 in august of 2020 at a sub 4% rate but I treat it as 4% because I am not 100% sure what the rate is (I am getting into contact with realtor soon don't worry)The house could rent for 2,500 per month at minimum and I think I could get 2600-2900 but not 100% sure.It is now on the market for 600, 000 but I think I could get it to 575 since it has been up for a couple months.well 575,000 at a 7% APR is way higher than the rent so I was thinking I could do a seller financed route.

Assuming you have a copy of your documents, there is an easier way.I use Word to convert all our documents into individual PDF's and then use Adobe Acrobat Pro to combine them in one long fillable PDF.

Understanding the Lease Agreements: There is no lease agreement currently in place, and the tenant is paying about $400 lower then current market rent.

Then you'll get the promissory note and mortgage instrument signed and notarized along with all your other closing paperwork with the title company and the title company will record the mortgage with the county.

My CPA is telling me that because we used it for 14+ days for personal use then it is classified as a vacation/second home for the year and the expenses get prorated for only days that renters are actually in it. 

I am the current Vice President of my local chapter.

@Angela A. rentals are a long-term game, despite what everyone thinks.Why don't you look into rental rates and work backwards, to determine the max PITI payment those rental rates will support, and then calculate the max mortgage amount?

This could be an opportunity for someone To buy discounted commercial property and then sell it on a wrap to a new buyer. 

The catch is that if the buyer fails to make payments, then the property automatically goes back to the seller. 

Meth is a major hazard, more then lead or asbestos.