That being said I can enjoy a dollar a lot more now than I can in the future.

The profits just won't be as fat or ridiculous as the typical "yo i bought a house for $100k, put $30k into it, and sold it a few months later for $200k after listing it for $225k" kind of deal you read on here.Even if you manage to make $5000-$10,000, the experience you got from this is worth far more than that, and you got to make money at the same time.

BUT one can strategize and run the numbers to protect as much as one can in a correction.I believe a correction will happen but nothing like 2008....much less in terms of %.  

This was the same math done when you purchased the triplex, if you purchased it as an owner occ and used the rental income to help qualify.3) If you want a rational reason why non-owner occ math is more generous than owner occ, consider that non owner occupants have to put big fat down payments down, and have more skin in the game generally. 4) Rental income (anything about it) is frequently overlayed. 

There is no advantage in taking title just because you can in thsi deal.

If they accept my offer, I know I'm making a fat check, and that is why I make it a point of telling sellers I have ZERO contingencies.

This is dangerous because the seller has an incentive to minimize expenses in order to make the investment look as attractive as possible in order to get it sold; the real estate agent stands to earn a fat commission check.

Thank you Pros.PS- I heard that there are fat margins on windows so maybe a motivated supplier on a diet will sell them cheaper?

Having a non cash flowing house  with a heloc on it is like marrying a big fat Chic with long blonde hair .

Anthony,If not downtown, I would recommend anything you can in Mt Pleasant on or around coleman blvd on the way to Sullivan's Island.