Is being poor a suitable excuse to start destroying everything in sight?

I have this property for rent collecting $1950/ month which was pretty good until recently when my payment went up to $2009/month including principle and interest.

It does not apply at all from the day you move into a property 3 units or below, and establish it as your principle residence.

I see that I was a little short-sighted in my views.

I used this several times a few years back with the harp program to reduce interest rate and often receive a forgiveness on a portion of the principle when the homes are under water.

The same principle applies down near me in Pinal county in the smaller cities.

The downpayment would, in principle, would be your equity at Day 1.Every situation is different & your experience will determine whether a financial institution will lend to you even if you can come up with the $650,000 downpayment.I hope that is helpful.

Much to my surprise, the people on this sight don't look at other investors in their area as competition, but as an additional source of knowledge, partnerships, and potential leads. 

I'm just getting back on the sight and will soon get the pro upgrade. 

If you believe in Dave's principles, you should be able to incorporate Kiyosaki's principles in a way that allows you to still sleep at night.Cheers,Anthony