There are definite benefits to creating a relationship with a excellent lender, one that you are comfortable with, that will give you no holds barred advice without fearing they will lose your business by telling you that something can't be done in this state or instead of X Way of achieving a goal you will need to do Y instead.   

If you were to sell your property, what other home would help you achieve that? 

You'd probably feel like it was an achievement to be proud of.  

Maybe not realistic to achieve in this case but no way you should be paying anywhere near $318K plus repairs. 

That said, i know Im 2-3 years out from achieving that objective should i execute the right strategy.  

Break-even is very achievable.

One of the most important factors is to buy under market value ie distressed properties/foreclosure, you will then have a better chance of achieving higher cashflowRead my thread onDetroit the come back kidI have listed some areas I target

What are my options finanlly for achieveing my goal of purchasing an owner occupied rental property in my current situation.

Where there is passion great things can be achieved.

Hey @Jerryll Noorden - it really depends on what you are trying to achieve as there are so many options, the platform also changes quite rapidly.I have eight years of experience with facebook ads and marketing message me if you still need help with this.