Am I wrong on that?

Am I better off trying to hone some wholesaling skills in order to establish myself? 

It seems to make sense to have the exit part planned out before starting, though I realize it is likely to change over time.By the way, am I doing this right?

It isn't a MI company (not sure if that is a requirement) but I am in Michigan and use Affinity Group Management (http://www.nreinsurance.com/) The actual policy is written out through Lloyds of London.For coverage amount around 50K I pay roughly 23 a month a house and for coverage amount around 145K I pay roughly 60 a month a house.

Is this a new guru term or something lol what am I missing here

Originally posted by @Dave Van Horn:You could list the property with a licensed realtor and try to short-sale the property with another entity.What am I missing here?   

I am based in Montreal, QC and very keen to network with others as passionate about real estate investing as I am . I

Am I close or shooting too low?

yes I amI am an Air Force Veteran myself

Do I pay off my loan at X% or am I better off using that cash to buy this property that makes me Y%?