And I am the worlds worst Resi manager.. 

I have been in worst situations.I get the idea now.  

*   $200,000 purchase price*   0 money down*   6% interest on a 15 year note (worst case)*  Expenses accounted for including $100/month/home in deferred maintenance savings (on newly remodeled homes)*  10% Cap Rate*  Monthly net income before financing = Monthly debt service (1.03 Debt Coverage Ratio)*  Large, manageable upside with the opportunity to add 9 more pad and/or home purchase and rental.  

What helped me was my wife saying to look at "scary" situations with the mindset of, "Logically, what's the absolute worst scenario that can happen?"

I'm not a lawyer, but I know they try and protect from worst-case scenarios.  

For a fourplex I used worst case scenario on purchase price, and had a rate of 6.5% for a 30yr, but low enough origination costs.There are prepayment penalties for the first 3 years.I might give them a try if I get stack with lower rates loans. 

Prepare for the worst even though we all hope for the best, of course.  

The absolute worst thing you can possibly do is invest when you're emotional, especially if you are going through financial hardship.

The worst thing you can do is try to compete with them.

The thing we have to remember is this property is in a nice area on a lovely street, and the rental market is strong in our area so worst case scenario, renting it will hopefully be easy enough.