Unless of course you are not risk adverse and saving a few thousand is more important than having more peace of mind.

So much better to wait and have a few weeks of vacancy that a year of nightmares with an awful tenant, I've learned from experience- wait and find a great tenant. 

There's a theory that the bronze age collapse several thousand years ago was caused by using something useful (bronze) as currency for a long time, and that thing that was the basis for currency suddenly being less useful (iron invented), leading to all the stores of wealth (bronze, or currency backed by bronze) plummeting in value, and a downward spiral from there.

Just kiddin'.Anyone going through foreclosure has several things going on: 1) They are under a lot of stress, 2) Everybody is mailing to them and knocking on their door, 3) They are embarrassed, 4) They feel helpless, 5) They have the belief that winning the lotto will bail them out at the last minute, 6) It's the bank's fault, 7) This can't be happening to them, 8) They don't want to sell, 9) The house (even though it has a leaky roof and hasn't been kept up) is worth more than market price, 10) Believe you are there to take advantage of them, 11) Believe the government should do more to protect them, 12) Believe that their payments reduce the principal directly proportionate to their payment (Have no concept of compound interest, what Einstein called "the 8th wonder of the world"). 13) They can file a Chapt 13 bankruptcy at the last minute and keep the house if they have income, 14) They will wait until the day before the sale and call you if none of the other solutions work.Your opening comment should be " I buy houses in the area and I was wondering if you or someone you know might be interested in selling".

Is it even worth the time and expense if the car is only worth maybe a few thousand at most, if it even runs? 

Search for those that allow non accreds they are out there.in our world we do ONE note one investor and you don't have to be accredited.. although usually a waiting list to get a note but they get filled in 30 to 45 days..

It could be easily played at thousands of wedding receptions during the father/daughter dance.

I did contact my mortgage broker to see if there is an option through them, I am waiting to hear back.

So, my question after all of this is should I wait until I'm settled in to my duplex and my credit has rebounded from this new home loan and the new zero balance on my credit card or is it worth it to purchase another duplex or multiplex?

Also great to earn while you learn instead of waiting.