IE you can release a property for the cash payment of 100k.

But generally, if the payment is always made on time, there isn't often a problem.Are there numerous reasons payments end up being late, there are.And have irate sellers been known to contact their lender after a few months and demand they be taken off the loan?

This might reduce your payment by half!  

Yes, using equity/credit cards/non-mortgage loans can be dangerous if you don't know what you're doing. 

Here is the scenario, the borrower misses a few payments, but resumes paying on time.

Our goal is to get 2 more this year, but we're stuck on how to build the capital for those down payments.

Can try to repositionto Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

I certainly haven't.It seems that the younger generation has recognized the appeal of warmer climates, which is evident in the significant influx of non-retirees relocating to Florida.

My goal is to acquire another property this year, but I am struggling to build capital fast enough to amount to a down payment.

Most 2nd position lenders will want the investor to have skin in the game (invest their own money) AND be paid a double-digit return.When you purchase property, you ALWAYS need to have reserves, but in this scenario, you really need to have reserves since you will need to make 2 large debt payments every month.