You have a choice of losing more, pay mortgage w/ or w/o a tenant inside or continue losing more home value.   

As long as you show progress they will let you continue.

I do think oil will only continue to rise but at a slow pace.

We did advice the police of the illegal entry so it's documented should this issue surface again at a future date.Thank you again for sharing...I'm really looking forward to adding value to this project and continuing to make improvements!

Overall after $7500-10k in fix-up expenses I expect that I'll be able to cashflow on the property while living there for free (PITI = $1400/mo, projected avg monthly income w/ vacancy = $2,100).The plan is to continue fixing it up for the next 1-2 years then rent it out in full (either still by the room appointing a roommate as a PM or just rent the whole house).

While I do think that Austin will continue to grow rapidly for the next few decades I think there are just too many unknowns to account for.

I always offered to help them any way I can and made sure I found a way to return the favor if it's by referring them, clients, helping them with their own projects or whatever I felt was a good way to thank them.I also have paid coaches and I have two different one at all times that help me brainstorm my Business Plans, the skills I want to continue to acquire, and discussing all the problems coming up.Remember you have to think out of the box, find the people you want to get mentored by, find a way to help them first and they will teach you everything you want to learn. 

Although you indicated that you might continue renting, how about a duplex?

However, I'm even more confused but, one thing is certain, I could not and did not transfer Title and I have the right to reinstate the $93,000 Mortgage for $15,000 and continue the $709 monthly payments @ 4% APR which is PTI. 

I'll continue to look in the areas you mentioned.