It will depend on your preferences and how well you think you will tolerate having a room mate as you approach a new life with your partner.

I think 7-10yr balloon would better suit a note buyer if you go that route.

That's a horrendous fallacy and a weak mindset to think that real estate agents are buying the best multis.

I don't even think its worth a sub-toSounds like you spoke to collections (who will tell you anything to get money) and not loss mitigation, as paying back due balances are NEVER part of a short sale.

I think SKIP Tracing is outdated.

I think the most I could possibly get monthly out of the property is 1000 based off of rentometer, zillow, and BP.

I do think the renters out there looking for $700-1000 properties are moving out into more remote areas. 

.: @Zeke ListonDo you think investing in property values from 120-180k in upper class c neighbourhoods is a achievable for my first OOS?  

I wrote an article that I think you'd find value in that will provide some answers to your question: https://www.straightupchicagoinvestor.com/blog/6-must-knows

My wife and I have moments where we think maybe we should just cancel this but then we get excited about the new adventure and path it could put us on if we do move forward with this.