I only have about $5,000 saved.

well because i only have about 50k in equity and it'll take 40k to buy that house so all my money will be tied up so if a deal comes along ill be dead in the water.

So about 2 days in this guy tells me that all my properties are negative cash flow and that my DTI is too high and he can't get me approved for the loan.

Not trying to be negative, but I don't want you to worry if it takes longer next time.

I only invest in Alamance County and he handles all my rentals.

I only paid interest.

As a result, any negative grading will let water flow towards the house into the foundation which means degradation of the foundation and water in the basement. 

Any downturn or tenant issue can make your COC rate go negative and then you can be in lots of trouble. 

I only have $40k in savings and currently have one rental with about approximately $80k in equity I am able to pull out if needed.

…Hands On inspection of each POH (Be sure to identify SCRAP homes and assign a negative value)Professional inspection of on-site electrical systems (document any deficiencies); Are box amperages up to code?