Lastly, as for your question about paper applications, you should consider ditching those for an online application, this will make your life much easier.

With a 2 family you'll be hard pressed to cash flow but you also have to look at what housing expense you're ditching to get there.  

I'm with Craig, ditch the Fridge and buy a new one and keep it movin.

He already admitted that that he didn't know enough and has made mistakes....Anyway, I would agree with advice to keep the multi and ditch the townhouse, even if you have to pay a little to get out from under it. 

I am thinking of ditching this bank and looking into another lender.

Corby,I appreciate your responding.Is ditching a car lease an option without further damaging my credit?

I will never ditch some deals (in my case, contracts) just because they are challenging.

In addition to lower sales prices, Chicago has some pretty high property tax rates, so you could definitely be losing less to taxes (not to mention ditching those HOA fees) in another market.This is the site I used to compare tax rates, if that's helpful to you.

If you want deals 30% off ARV you'll need to have funding ready and start your own marketing program to find someone ready to ditch their house quickly.

Just looking for some help before we ditch a project that looked promising, or worse, lose money on the deal.