I am truly grateful to have stumbled upon this thread, and I would greatly appreciate the insights and feedback on my case from @Chris Seveney, @Scott Mac, @Evan Polaski, and especially @Brian Burke , whom I had the pleasure of learning more about by reading his books.

The mortgage company is still getting payments, so they aren't going to go looking for anything unusualI until their is cause or unless they stumble on it.

Investment Info:

Other buy & hold investment in Berkeley.

Purchase price: $55,700

Cash invested: $62,000

Bought a 3.3 acre lot in a residential neighborhood 1.5 miles outside of downtown Prescott...

@Brandon Chung unless you stumble into a fantastic purchase opportunity, your best option would be to use an FHA 203(k) loan to purchase a 2-4 unit fixer upper.The 203(k) loan allows you to include repair funds in the purchase loan amount.Once you are all done with rehab and leasing out the units, you can refinance into a conforming FNMA type loan (can usually only have 1 FHA loan) and repeat.

I'm stumbling through this, but I know that multifamily is going to get me to where I want to be quicker.

Stumbling upon this post now and am curious. 

Let the experts handle it, you are going to run into sensitive situations and will stumble upon a professional tenant who knows how to sabotage a landlord. 

Last year I stumbled upon a post by a fellow homeschool mom who shared her top five financial books she's read, and that started me on a journey of reading and discovering how we hope to have our money grow. 

Could one buy a pool of mortgages from FNMA, split that pool back up into individual mortgages,  then negotiate with the homeowner to purchase their own mortage at a discount, removing a huge stumbling block in the real estate market.

Reading some of the posts it seems I’ve stumbled into an arena of folks far more comfortable with large amounts of debt.