Of course I would use conservative figures because I have always been of the mindset that if you’re prepared for the worst case scenario then you can only win (take this with a grain of salt, you don’t know what you don’t know).

@Bill Mitchell same here, I have learnt to take most things that most people say with a grain of salt.

RichI hope I did this correctly... http://www.sltrib.com/sltrib/money/57007414-79/rental-lake-salt-company.html.csp?

I always take online reports, surveys, and the like with a grain of salt, but because this article was written based on someone’s opinion, I decided to take a peek.

I take it all with a grain of salt. 

If you are looking to do a loan mod, the short sale would certainly indicate hardship and may help.I'm not an expert by any means, so take everything above with a shaker of salt...

Im just a noob too so take anything I say with a grain of salt.

I am located in Salt Lake City, UT and I work for a company that offers bridge and residential bulk rental financing with loans typically ranging from $125,000 to $10,000,000.

.- Invest somewhere else- Save up more money to make the investment cashflow.On a side note I know that In Utah and particularly Salt Lake City right now things are hard to come by but because something doesn't meet the 1% rule doesn't mean you shouldn't invest. 

Most everyone worth their salt already has a job.My company does not gross enough to afford someone to do what I do at the moment.