In reality banks have been getting wise to the whole "short sale" transactions and it is too much of a loss for them. 

Its not a huge loss but still a loss so any advice as to how I can correct this issue is appreciated.

I would invest in private equity RE investment firms who put their funds up in a first loss position.  

Under each, you can set up LLC's to hold property, whereby the income/losses flow up through the partnership and into your hands as personal.  

Don't have much to share quite yet :)@Jenkins RamonMeat and Potatoes Below:Price: $140k Rent: $1,560/moWater: $60/moPrinciple and Interest: $525/moInsurance: $80/moTaxes: $320/moCashflow: $575/mo (those numbers are a little inflated since I made the purchase decision on more conservative numbers of including 8% vacancy loss ($125/mo) and additional cleaning and maintenance costs of $100/mo so when I ran final conservative numbers I was at $350/mo. 

Thanks everyone for the interest/advice.He gave me access to his profit & loss numbers for these buildings and everything seems to cash flow well.

That's obviously better than the loss at 10%, but those are numbers you will have to come up with. 

You count this regardless of if you self-managePrinciple + Interest + taxes is $1,066 = $12,792 annual$100 * 12 = $1,200 for water$19,200 - $22,680 = ($3,480) annually, a loss of cash.OTHER CONSIDERATIONS:Depreciation will be $200,000/27.5 years = $7,273. 

No property damage coverage - which means I have the risk of losses in case of any damages.

I originally got their address through the tax records of the property so I am kind of at a loss where to go from here.