I realize it's just an example and my comment is a generalization but just something to be aware of.With regards to the original question, I think it comes down more to what you want to do and what the offer is for walking away vs. rebuilding.That is the exact example a public insurance adjuster used when speaking to a local investor group a few years ago.

Make sure you budget for the negative year.

This creates a negative initial position.

I recommend you speak with him. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Now I need to find a real estate agent(I am "interviewing" a couple now), an accountant to speak to and of Course a lender.

If it's a lender that does not allow me to speak to an underwriter, see guidelines, or speak to an account manager, I will try not to work with them, unless I know the Account Executive is very experienced. 

@Angel Perez  You should also check out smaller local banks and ask to speak to the commercial lending department. 

After speaking with several commercial realtors, I realized my frustration is shared by many.

sorry for typos. speaking into the Android keyboard leaves a lot to be desired