If it’s a great deal, maybe you can try to get a personal loan or ask family for a little help as a stately net, but without a safety net it would be irresponsible to proceed.

Imo it's mostly for the safety.

Jackie could buy an investment property with no cash flow because his financial wellness provides the safety net.I hope that helps.

She's my safety net.

This allows a tenant not to be stuck in a long term lease if life happens, but also allows me a safety cushion for cleaning, posting, and filling the vacancy.If it were me i would open the communication with them a bit and let them know they are liable for the full lease term, but due to their excellent rental history and care of the unit you'd like to work with them on their needs.

I just wanted to reach out and get some of my thoughts and feelings off of my chest and let you all know that as scary as ripping away the safety cord may be, I am 100% committed to finding a way to creating the life of my dreams through real estate. 

@Justin R.Your CPA is being moderately conservative, and your QI is being extremely conservative.Nothing is wrong with either approach - as long as you knowingly choose the relative safety of a conservative approach over the financial benefits of a more aggressive approach. 

I will add another 15% to that bid for safety and if everything checks out, add two-three weeks on top of the time frame the lender gives you to close the lone and if you are comfortable taking the risk - go for it. 

Add a safety factor. 

All 3 options will return less % on your money than you could request by lending directly, but in return you get a degree of safety.