Have people that used this found that this increased monthly mortgage payment made it difficult to obtain their desired cash flow?

It may be possible to set expectations and have low income tenants pay less hands-on, but it is a consideration.More difficult to screen applicants.

Getting 4 people to live together can be difficult, but probably not as hard as it seems.

If they crack down on you, they can make your life difficult.

How difficult is it to obtain? 

I would like to start purchasing at auction in King County, WA and am finding it difficult to figure out where I can find a list of properties coming to auction each week and their starting bid.  

I am just getting started learning how to analyze deals, but in my initial research, it looks like getting positive cash flow in my neck of the woods is going to be difficult. 

I know short sales and REOs are supposed to be much more difficult with 203k loans from what I have read. 

@Mark Spidellfrom podcast 156 fame is active in Tulsa, you might want to reach out to him.I would think that you would have a difficult time getting funding from a traditional bank since you just lost your W2 income, but your wife should be able to qualify on her own to get you started.

But the process isn't difficult.