Im 25 now, pinching pennies and paying off debt to reduce my DTI ratio and increase my credit score.

The #'s still work if i can get it filled, but there would now be time and $ hurdles to clear before getting back to the financials I thought I'd be stepping in with.Now that the situation has changed, am I still obligated to go through with things or forfeit my earnest money?

I'm a 26 y/o professional and looking for both financial stability in the long-run, as well as supplemental income in the short-run.

I am very new to this, hoping to gather a great education in order to set a path for more financial freedom for my family.

The picture reminds me of the things my wife and I are going to do once we are financially free due to real estate investing!

They will look at your personal financial statements to secure the loan, but all our properties are under our LLC.

I'm an independent agent I currently work with over 75 carriers to help my clients protect themselves from financial losses. 

Looks like a house of cards with 100% debt from the first dollar.

Do not cut any corners to make something of something will not hurt you financially.  

(Likely resale value on this second duplex is $110)Downside: more financing = more exposure to risk (the loan is 20 yr, first 5 years fixed, then floating.) downside is less cash flow because more goes to debt service.