But I would concede that millennials are entering their 30s and 40s.

If you choose to sell one, it's a sneaky way of conceding to yourself that you want to take the money and run, and I'd like to highlight a theme in you post to the community: You have debt not tied to assets and are making choices to live up to and perhaps beyond your means.As a husband, and as a father of three, I can relate to your time crunch.

I would start by asking the lender if they originate FHA loans.Your question regarding the getting the seller to increase the purchase price but concede closing costs will be seller specific.

All I keep hearing from agents and brokers I have spoken to is that Cash is still King and conceding inspections, and appraisals are still happening, albeit less often.With this input I will keep watching and waiting to find the right deal.

Unfortunately it's already a long term, so you can't give more time, see if you can figure out something that's of value to your tenant that you can concede.

You can always start by saying you want all your money back and then agree later to concede a portion of it.

I’d concede that experience certainly is helpful, especially in more exceptional situations like having multiple offers, and the stigma factor is definitely something to be mindful of. 

My gut says run, but my head says *IF* seller concedes enough, anything could be a good deal...

Alternatively you can set up a contract requiring him to keep the 50/50 split for X amount of years with a substantial penalty if he breaks it, maybe you can concede and have it based on X amount of revenue being obtained over a 2 year rolling period. 

Part of what I can offer is a better set of eyes on build quality and things the builder may concede to include.