What do you all recommend under my circumstances... buying a rental for some cash flow, buying a home to flip and resell, investing my money in others who are looking for capital, etcWould love to hear your recommendations!

What do you all recommend under these circumstances.... buying a rental for some cash flow, buying a house to flip and resell, investing in others who are looking for capital, etc.I am in my early 30s and no kids so I’m not afraid of a little risk if I’ll end up learning through the process as well.

I had a property under contract as the buyer and fulfilled all my duties. The seller backs out and claims they didn't receive receipt of earnest money bc my agent didn't send it in the time specified under contract. I...

During your Due Diligence phase, figure out what was neglected and try and leverage it in the negotiations.

The reason I am thinking about this so early is due to my financial circumstances.

We are certainly up for advice on the different options to come up with the remainder and what makes the most sense given our circumstances.

Thankfully, all of my tenants are more or less up to date on rent (more are paying late than usual, but I'm not complaining given the circumstances). 

Also, I neglected to ask you how many units are in the apartment complex, but let's work with what we have.So, if you wanted to maintain your existing CoCR, you'd have to increase total rents so that the new CoCR ((NOI + Rent_Increase)/(Investment + Cap_Ex)) equals the old CoCR (NOI/Investment).I'm assuming there's no debt service payment and I'm also ignoring the fact than increasing rent would also increase management expense if your fee is a percentage of rent.When I solve this, I calculate that you've got to increase total rents by $1,250, so for a 10-plex that would mean raising rents $125/mo per unit.If your current rents are under $1K, this seems harsh to do in a single year, but a very reasonable raise over a 2-year period.

FHA requires a 12 month OC but your entitled to a "Change in life circumstance". 

@Tara Piantanida-KellyVery unfortunate circumstances.