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. 

Maybe it sounds bad, I don't know, but my goal with investing is not to spend all day "pounding" the phone calling, but rather to develop a steady source of passive income so I can do what I enjoy such as playing golf with buddies on a Wednesday.

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.