After lurking around, I’ve decided to introduce myself and get more involved with the community.Currently, I am working full time as a field engineer while my wife is working on finishing her degree in nursing.

It was a rocky road with the first property under contract the leases came out showing lower rents then we were told and decided to break contract.

Let the seller decide if they are willing to accept it.

They have already decided they have no intention of paying so you need to move as quickly as possible to evict to prevent losing money.

The interest would be deductible from rental profits, but would be taxed as interest to you.You should speak with an accountant who can get the full picture of your situation and help you decide what the best option is.I will say, that most people here on BiggerPockets, including myself, recommend keeping things as simple as possible starting out.Best of luck!

I have decided that I want to get into real estate investment, I currently net about 160K per year with my wife.

One you have a strategy, you can work with the advisor to decide on which real estate vehicles can help you going forward like what @Jay Hinrichs suggested.

I am a pretty new to the real estate game and decided to start with bigger deals for bigger returns.

Yes they is a voting process to decide on sell/refinance decisions .  

I’m actually from Puerto Rico , I was stationed in Cali and decided to stay  but then the housing prices started to sky rocket., so it made start looking else where for real estate investments.