Make a spreadsheet with current income and expenses and then figure out how long until rent surpasses expenses.

Once you can figure out how to buy your second property, then you've started beginning to master scale.But I have a questions, you said:"Our end goal is to build wealth over the next several years and leverage that wealth to buy multifamily commercial properties!"

I plan to talk to both of them in the morning to figure out which is the best option for me. 

Many lessons have been learned firstly is you can’t be too nice or trusting and second is, don’t wait to figure out the refinance and cash out process and until you are almost done with rehabbing the property because currently going through a very lengthy, cash out refinance ordeal at the moment as I’m trying to get financing terms finalized as we speak.

Figure out your strategy and what works best for your project.cheers! 

So, if you want to put the real property under contract subject to short sale approval, then I guess you can figure that paperwork out.

Quote from @Karl Kauper: The tenant should figure his own life out.

@Gary M caceres see if water company can give you daily consumption amounts, so you can figure out when it started - may help find the problem.

It will help you analyze deals quickly but you will likely need to adjust some of the figures such as rent, % towards vacancy/cap ex/maintenance.  

I would like his contact info as well I need to figure out how recoup my money.