I would have paid all cash on the deal I am closing on (I could cancel the loan but I told the lender Id use them and I don't like to go back on it).Now I still have idle money and am paying points and interest on a deal when I thought Id have more of the money in play and more deals. 

Works great and makes it dead simple to share individual leads with partners or buyers.

You can take out one loan for a 4-flatyou can bake in maintenance costs into the rent for the other 3 units (depending on the property and location)if you play it right, the other 3 units will cover all PITI payments for the entire 4-flatBONUS: you can then save whatever you're currently paying for rent, and after 12 months, turn around and buy an out-of-state SFH - then you're renting out 4 units in a 2 year timeframe. 

The flame was just recently reignited and I'm fighting the urge to over analyze everything daily and I have to say that BP has played an incredible role in my action thus far and for that my future success will be forever indebted to both Josh Dorkin and Brandon Turner and the countless other seasoned investors imparting all their experiences with us.My REI goals are to focus initially on building my wholesaling business and build an incredible marketing system that allows me to do 1 to 2 deals a month until I can save and reinvest enough capital to be able to turn my strategies to fix and flips and ultimately build an incredible RE portfolio that brings in enough cash flow every month that will replace my income for my full time job so that I could focus that 240hrs/month on my REI business and to continue in my pursuit in attaining my Doctorate in Nursing. 

Play the long game...my two cents.  

Playing the role of "bank"), I'm assuming I could still lease option the home out with minimal concern of a "due on sale" clause to be called...  

Lastly, if you have determined that $75K is your max, don't play games and offer less thinking that the counters will land at $75K or better.  

that is the crux of the matter... when jobs leave people leave with them and like we have out here in the West.. ( Ghost Towns)  its just normal commerce at play.

I'm not trying to play the innocent victim, we did some things wrong and have learned our lesson.

In posts like this I've found that I'm in the minority with this opinion but:I don't care what my tenants do as long as the property is taken care of, rent is on time, and there are no dead bodies in the unit.Worst thing you could have done is what you did.