Your payment went up $1,000/mo but the taxes only went up $5,200 which would be less than $450/mo.

If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

The only other option would be to get a coborrower to bring the down payment or get seller financing with a lower down payment. 

I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.  

I do not have to much cash for a down payment but was thinking of doing a HELOC on one of the rentals to get more cash and go the BRRRR method.

One thing to be aware of is the FHA multifamily self-sufficiency calculation which determines if a property can generate enough rental income to cover its mortgage payments.

Add-on:  I do like that I can automate my late fees, no partial payments, etc.

I have enough liquid money for the down payment for the hard money lender, but that'll leave me with zero cash for closing costs, realtor fees, etc.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

This is the equivalent of a car salesman pitching the "monthly payment" of a car instead of the actual price of the car.