You are now in a position where you have two potential parties to sue you, negative equity position in an arm loan, and no tenant.Is the deal worth those risks or do you have an iron clad way to prevent the risks mentioned?

(My Monclova Property looks like a complete dog on paper except it has appreciation and the same tenants have been there for five years and I never have repairs or vandalism or late rent to worry about...the resulting profit is difficult to ratio)Conclusion- invest in the highest profit category you are comfortable in...I have a cast-iron constitution so I own in some really great profit areas.

@Derek Robinson threw in that Iron Creek Properties is good as well.I have a cabin in the Wolf Laurel development north of Mars Hill and Asheville.  

Ironically, my PMP, which only costs me about $6000, has been far more valuable in my technology career than any of my degree studies.

You should have an iron clad exit strategy as well.You also might consider a 2nd job to ramp up your savings for a down payment or to pay off your car so you can increase your debt capacity.

For example, one of the guests during the stay asked for an iron and an iron board.

Ironically, even low down payment mortgages have become much easier to get today.

I would have an iron clad partnership agreement and take turns obtaining mortgages.

Ironically, the "networking" that got me that building (which I bought for 14 cents on the dollar) came about when I was talking (networking for the guru crowd) with a neighbor as I was working on one of my buildings.

I've got, for example, cast iron sewer lines at some of my older homes.