It shouldn't be my problem, and we're talking about the October 2012 payment, so I've been more than lenient / patient.

I believe the most important thing is to be patient.

Student debt and all.Be patient, learn, apply.Kris

I'm not planning on making the same mistakes twice---especially when there are so many new ones to make (hopefully not--that's why I'd like to meet other investors who are learning what to do, as well as what not to do).When you get to town, spend some time with your beautiful baby boy and get to know him--and take you wonderful and patient wife out for a nice dinner.

Like @AndresCalderon said -- the trick is just being patient and finding the right deals at the right time...The Miami real estate market is very competitive and very prone to information asymmetries.

Or do I basically need to resign myself to being patient and saving more?

Rick, we're going to be patient finding the next one.

Just make sure the total cash flow increases after investing the refinanced money.Property 1 was cashflowing +250, after refinancing starts losing 50 a month, if the new property cash flows +500, your new total cash flow is now +400, almost double than before, I would do this any time.Also, its preferable that you buy properties that cash flow or at least break even with 100% financing, that is now one of my parameters on my investments, it forces you to be patient and wait for the best deal possible, it makes the investment safer even if something goes wrong.

Don't say, "I can tell by your morbid obesity that you like food.

Be patient - it is your best friend right now - and make a well -thought out decision that meets your exact needs and wants.Thats my .02 cents!