@Gregory Press I would definitely increase your vacancy, I typically use 8% as after a year you'll basically have 1 month's rent saved up (1/12 = 8.33%).

If you are sure you are up to this challenge press on.

I think one of the attractions to the TV guru's and that's what i call the 10 or so that do infomercials and huge budgets and travel the country.. like snap flip.. than.. 

•Next steps for me: I promised my wife I would press pause until our new baby is born in December WHOOP and until I graduate from night classes (also December). 

@Ray Rhoads As your loan agent mentioned you're going to be hard pressed to find any lender that will take this loan.

If it's something pressing (e.g. no heat) I will go over after work and do the service call. 

These are probably big fans of Flip or Flop and watching TV can make it look easy. :) 

That is a 100% return on your investment immediately, something you will be hard pressed to find anywhere else.

I have no advice other than there are plenty of deals out there that don't involve this daytime TV drama nonsense.

One of my favorite entertaining aspects to do when I can is to find a real estate seminar in my area and find out how many of those people are there because they see it on TV and think to myself I can do that- how wrong is that mentality.