Condos for instance will charge HOA fees, limiting your net cash-flow.A PM will run 14-16%+ as they charge a month's rent to place a tenant, take an extra month to turn a unit and charge you premiums and overrides for the work.  

That will protect you (to a limit) if you are ever sued.  

Know when to cut your losses.

Too many might raise a read flag, but a business meal for a business purpose is not limited to they type of business relationship.

My eventual plan once I have enough capital raised for another downpayment would be to get another place and would only paydown the mortgage if the lenders say my debt to income ratio is too high.Your strategy should depend on your risk tolerance - everyone will have a different limit for the amount of risk to reward they are willing to take on.

Rather than allow it to keep me down by paying down as a short term revolving debt, my  wife and I are basically considering it "re-buying" the house I bought with my ex wife in 2009 for a collective number that would be a steal today and considering the collective divorce debt as a 'business loss' from my past that I'm paying with the deal I bought the house for. 

I’d rather take my 100k and decent credit score and take the plunge then gain from experience and take a loss any day, every day!

Also income from the other units would be considered.Given what you are saying, you are likely working with limited income, so rate is going to be critical for you.

They are going to push you to every limit to find your weaknesses. 

Small multi in the 2-4 range has a very limited inventory in the Tulsa market.