If my understanding of your situation is flawed, please feel free to let me know!

The ONLY flaw that I can visually see is that the first floor has some beautiful tile (not sure on the type... it's really thick tile and kind of like stone or slate?)

The smaller down payment will continue provide a higher return every year there after, meaning the advantage gets greater each year.Interestingly enough when you figure in the equity pay down to the equation the 15% down provides a higher return than the 20% down does from the very beginning.The only flaw to the 15% down is the smaller cash flow each year... which certainly matters.  

I have had to walk away from properties for the issues that I did not know, but were uncovered in the due diligence phase.

or is my math flawed? 

A good contractor is never insulted when a client brings up a flaw or deviation from plan.

Two parking spots, one covered in front of condo and one uncovered not in front. 

Religion was never a part of this debate until you and Eddie injected it on a flawed premise.

One may be tempted to say you don't need to be an expert, which may be true, however, it may take an expert to uncover (before you buy) that 123 main st. is encumbered even after the sheriff sale - then you are in trouble....

Grant,Put it in context of volume...As of this morning there were 376 HUD homes for sale in just Florida.Multiply that by 50 States, and it is an ocean of paperwork to keep up with.Take that number of houses, and consider that we sometimes make 3 or 4 offers on the same property for multiple investors.Having the NAID number allows access to bid.After submission, the contract ir investigated for flaws and accuracy...