You still have the next round or in REI could work out another deal which may end up better than the last. 

I was excited to get into a property with having less than 20% of the value put up by me and having everything brand new but it just did not work out that way.

Seeing his urge to continue living in this house and the fact that we are going to do credit/background check for a new tenant, I think this situation will work out for 1-year term.

You really have to run the numbers beforehand to know.3 and 4-unit properties may work out better, depending on your market.

I haven't had any not work out after I won them at the bid, so I can't speak to what happens if someone actually attempts to save the home from foreclosure.

He specializes in fragmented, dislocated markets such as distressed debt and multifamily.He said that he started out by just following the herd but that did not work out well for him.I'm sure that you will find your ideal niche that works for you Nathan, all the best on your investment journey!

I know if the numbers still work out to meet my criteria its just another line item.

Assuming the numbers work out, you could Find an equity partner. 

Sometimes while agents have a lull that might have full energy on small ball deals but as soon as something larger comes along the interest shifts to that.Maybe the agent felt like if they put intensive energy for 2 to 4 weeks an offer would get accepted and a closing would happen eventually.

By definition, in order for this to work out values MUST go up--enough to overcome the negative monthly cash flow.