On another forum, someone argued that buying just one property was a bad idea, stating that it will "drain me" and that you need multiple properties to be successful.

Payed an arm and a leg in taxes this year (I know not a bad problem to have) and want to reduce the cost next year.

I would do a google search va loan with bad credit and see what comes up.

His HELOC rate of Prime +1% isn’t a bad rate at all when it’s on a rental property.

Learning how to analyze potential deals that you come across now will give you the ability to know a good deal from a bad one when you're ready to buy. 

I just attended the Noteworthy Summit in Irvine, CA (boy I thought South Florida was ritzy, that place was something else), anyway as Martin Saenz was saying there’s stuff out there you just have to get off your duff.One speaker who was probably the smartest person I’ve ever seen in this industry and quite frankly just in general, was Matt Kelley.

Bad news.

A 64% return over 5 years isn't bad.

They could also sue you for "specific performance" and try to convince a judge to force you to buy the house but that option is rarely used and typically only when one party has been really bad.

I would like to report to credit agent, the government or other organizations this bad tenant.