You should go to a title company that is also owned by or affiliated with a real estate attorney to see what challenges arise in this scenario. 

Renting and holding would allow you to "weather out the storm," and maintain positive cash flow until a great opportunity arises in the future for you to flip it. 

I was a court house steps foreclosure buyer.So you can see those are all real popular occupations to those that might have a bent towards being green and or protecting the unfortunate folks that are losing their homes.LOL

Coincidentally, I'm also a REALTOR® and property manager, so I understand the headaches that can arise while leasing out and maintaining property.  

There is a lot of bad information out there that new folks get tied up with, gurus all over the place and most fail to look deeper beyond what popular thinking may be.

Then you move to MF as your portfolio grows along with your experience or as opportunities arise. 

Just because Opec opened the oil faucet recently does not mean that domestic oil will not be popular again.

You will likely be the most popular person in the room.

We prefer month-to-month rental agreements so we can efficiently address issues as they arise. 

They seem to come up with some impressive ways to change houses to the "open concept" that is popular these days.