MF owners usually are sophisticated investors and if you start defaulting on the note they can and will foreclose on you (and they will probably know how to do that).As @Jeb Brilliant said, keep some "padding" in the bank to fall on if something goes wrong in the first few months of ownership.One last question, if you can't afford the DP how can you afford the 170K renovations for the second building?

Also consider adding some of the brilliant Caribbean colored accent somewhere: turqouise, seafoam green, coral .

Note: this is not a political post, it is simply highlighting something that I thought was brilliant. let me know if you agree!

All brilliant ideas are appreciated.  

If I have any brilliant marketing ideas, I'll be sure to share them!

@Brandon Diaz Brilliant idea!

@Brett Pirie, there is a ton to learn, and that's a good thing, especially because BP's podcasts are like a PhD in Real Estate... seriously brilliant stuff.  

@Jeb Brilliant I am not familiar with them, but I do not see them listed on MIBOR(local mls).

It is actually Brilliant thank you!

Sounds brilliant to me!