Do not continue on your own.For your next tenant, be sure you have strict screening requirements and do not waiver from those standards.

Charleston, South Carolina's housing market continues to exhibit growth and competitiveness.

We do want to settle in a little bit here while continuing to do our homework, but hope to get into something in the next 6-12 months.With the way interest rates are looking now and what little I see on public listings, I think a smaller multi-family that needs a little rehab would be the best bet. 

If you have to continue saving do that.

Are you going to continue adding SF's or try something else? 

Use Fund 1 and 401k to buy a cheap house with in walking distance to the hospital to continue saving money. 

This can also bolster your case if the tenants continue to act in bad faith.

Hard for people to find using just the lookup function.  

However, if single-family homes prove financially viable, I’m happy to continue building in that niche.Since these homes and projects are significantly cheaper than my market, the risk is relatively lower for me and can do at least two at a time.The ChallengeOne of the biggest hurdles is finding reliable contractors and subcontractors in the area.

@Zach Denny Did you ever put your deal together, if so I'd be curious what the bank required on CLTV and if you had to source the total down payment (PP-First Loan) then apply seller second, or if the bank let you do all that at closing functionally making your DP = PP-First Loan-Second Loan.