Let's put yourself in the renter's shoes.

What I would do if I were in your shoes is do a HELOC for as much as the bank would give me since it is a revolving line and excellent way to grow your business.

If I were in your shoes and I landed a deal where I would use my 40k as a down payment and cash flow $500-700 monthly you can then use that towards your loans on monthly basis (assuming you keep some for reserves, etc).

Hi @Rita Bock I was in your shoes just 1 year ago.

Put yourself in the GCs shoes, will you accept the deal?

Put yourself in the shoes of the first position lender.  

obviously, me making all these phone calls and driving around looking at all these houses is putting me essentially in the shoes of a wholesaler so I may try and find a couple of other wholesalers out that way to try and maybe get a couple of their buyer's numbers and maybe if I find something that interests whoever then I'll get them in contact.

If you guys were in my shoes, what course of action would you take? 

It's the equivalent of buying a knock off of Nike shoes...you know they aren't Nike's, won't perform or last as long as Nike's, but since you can't afford Nike's or don't want to pay their price tag, you buy them.

If I were in your shoes, I'd simply explain to the downstairs tenants that when the noise is going on, they should call the police and not you.