Then when the market finally pulls back reality sets in.

You will not see $1.3M you will only clear the difference of that 25% ($325K) minus taxes, Seller/Buyer fee's, attorney fee's might leave you with $180k amount split 2 ways so $90K each.You could take out a Heloc and pay him to walk away from the home so you can turn it into your home plus rental.

Maybe you have access to a HELOC, or you have access to a brokerage account you can pull from. 

The only other option I see is cashing out the 403b and paying income tax and 10% early withdrawal fee (I’ m 32).

(Taxes, prepaids, attorney fee, origination fee etc) So let’s assume your acquisition cost is $227500.Cash flow is income - expenses.Expenses are PITI, vacancy (5% of rents), capex (5% of rents), repairs (5% of rents) and property management (10%) of rents, plus lawn maintenance, HOA fees etc.

It sent some messages with house rules  that didn’t sync correctly, pulling in info I had already updated on Airbnb.I only have one property and wanted a PMs that:-took direct bookings-synced calendars - completed simple auto messaging I like the idea of a PMS but I really don’t want to spend a lot as I’m also using Price Labs.

Most likely because of their attractive flat fees!

I should have also added that the reason I am pulled towards real estate as a wealth generating mechanism (I.e. the appreciation aspect) is that I bought my first house with ~$20K of my own money in Baltimore (supplemented with 6K of grants), bought at the right time and did a little fixing it up, used the proceeds from sale of Baltimore home to get into the lower end of the market in quickly appreciating Seattle.

So, I'm challenged right now finding a property that will cash flow well enough for me to pull the trigger.

@Ben ClingerHi Ben, I just noticed your post.Toledo just clarified their inspection criteria for section 8 houses and decided they wanted their cake and to eat it too...we don't have to have an interior inspection (since LMHA inspects that during their inspection), but we DO have to pay for a Lead Inspector contractor to visually inspect the exterior of the house and of course we DO have to pay the $45 fee (which is of course what this is all about).LMHA of course inspects the outside of houses along with the inside so the whole lead inspection is redundant.