Impossible to answer your question without this info.

Maybe not impossible, but very unlikely.

floor addition on the house, which is probably on a field stone foundation, making that impossible also. 

It's the equity I wanted and it almost meets the 1% rule,  which is almost impossible here in the beautiful and growing Wenatchee area.The rehab. 

You are right, trying to time/predict a recession is impossible which is why you have multiple income source.

So focusing on cashflow, IF IT IS GENUINE AND SUSTAINABLE, makes it almost impossible to go broke.However it is also almost impossible to get wealthy on it either so that's the problem. 

I only make about $25k a year, and it seems to make this impossible right now.

You're risking having that on your credit which will make finding your next place next to impossible You're paying under market rent and late.

If the rehab would make it impossible to move into within 60 days you would have to confirm with your lender that is allowed. 

I can't count the number of foreclosure sales I've attended that had short sales under agreement, short sale approved, just waiting to close and the bank slammed the door on it with a foreclosure.Because MA is a non-judicial foreclosure state and the banks are not required to disclose anything about the pending foreclosure, other than the public notice, it's nearly impossible for a short sale agent to know the status of a foreclosure and how much time they've got to get the deal done.