This is because banks can get a judgement for payment of their losses even after foreclosure. 

They get a share of the profit or a share of the loss.

Thanks Bigger Pocket’s and all of you guys for the inspiration.

Or keep the 1st property and use as collateral for a 2nd bigger property if I can find a bank who will work with me. 

(I'm using an app called deal check for my calculations so I apologise if this is obvious in the bigger pickets calculators.)

My idea is that since my tenants are helping build that pot of equity, I should contribute to it some also so it can build bigger faster.

In addition to the loss of $300 per month, there are risks to being a landlord.

@Kirk SimpsonWelcome to Bigger Pockets.

I am looking forward to being immersed in the amazing wealth of information provided here at Bigger Pockets in order to further propel my business forward!!

We have researched every way possible to finance investment properties and I have over-analyzed it to the point where I am tired of thinking about it.I have been listening to Bigger Pockets for a while as well as Clayton Morris.