College used to be a lot more affordable, I studied in Europe (where college is free) and it blows my mind to see kids with 200k student loan debt trying to get ahead on a 50k job.The housing market has started to drift apart geographically.

Or you could negotiate a settlement between you and the seller and move on. 

Here are a few alternatives to consider for your next property:One option is debt-service coverage ratio (DSCR) loans, which are specifically geared towards real estate investors.

He is securing expensive debt, not debt through a bank, isn't putting any capital into the deal and structuring the equity investment in a highly risky manner without any upside offered to the investor.

The greatest profits are in properties that can be repositioned to a higher and better use, or appreciate the highest over time, or will throw off a TRUE cash flow of 20% per annum on total investment (cash + debt + capital investment). 

Our only debts are a 2.875% mortgage with a balance of $124k only paying $897/month on an appraised value of $325k, daily driver car of $370/month, and use a credit card for monthly expenses, but pay the balance off with every pay check.

Here's an example:I like to do mine in total and by property.I know I'll get questions about the debt categories.  

I'm almost tempted to turn them over to a debt collection agency because a buck is better than nothing.Cheers.

It has 5 years left of fixed debt remaining, which makes me feel okay about it.

The critical factor is whether the property owner can demonstrate that the sale or settlement was made under the threat or imminence of condemnation.