(rates between 6% and 6.75% with .5 point) My monthly expense would be around $2500 and cashflow about the same.I have the $ for the other 20% + closing but want to keep my up front costs as low as can be then recover my out of pocket from cash-flow (and hopefully increased cash-flow from being creative as mentioned above). 

I don’t want to put myself in a position that if it goes south I can’t recover quickly.

Keep in mind,...the area is still recovering and investors have jumped at the opportunity to purchase damaged homes at prices that they think are good.....not all of the prices are good.

The constant outflow is also a loss to our tax base which drives up costs for everyone, and as more people stay our tax base will recover.

When I do an eviction, I never bother to pay the extra to get a judgement filed for the back rent because there is so little a chance to recover the money.

will somehow help you reach your destination (positive income).2 - You can step out of the boat (before you get in too deep and can't get out without drowning), walk back to shore, get another rowboat (that doesn't leak), start rowing and recover your previous ground...past the previous...now sinking, rowboat, salute it, and continue successfully onto your destination.You can always recover what you lost, as long as you stay in the game. 

They have to be filed as a lawsuit in order to recover them. 

As a coach I am intimately knowledgeable regarding the importance of one core difference between pro endurance athletes and weekend warriors: the pros recover like pros. 

My impression was that homes sit on the market for a really long time (even nice ones) and the housing market in that area of PA really hasn't fully recovered from the downturn.

The main Team members are Attornies, real estate Agents, CPA's (or accountants), Inspectors, General Contractors, and Handeymen.I am 59 years old and I found BP about 11 months ago while medically recovering and I still have not decided to do.