I would like to hear more about the financials though. 

*Note: this post is intended for investors who actively DO NOT automatically file a 1040 every year, unless they've incurred a tax liability.I'm wondering what difficulties investors who understand (have read the pertinent details of the tax code) have faced when engaging in investment opportunities that normally require an investor to furnish tax returns, and what solutions have they come up with.From my experience in banking, I understand that institutional lenders normally require a borrower to furnish yearly personal financial statements and tax returns.

To make a financial mistake that big, you would have to be foolish or lack any kind of experience.

Don’t worry, I am much more concerned about making financially sound decision than being sentimental.

I agree with Jorge's idea... why not rent another place for now--perhaps to split with another roommate--and continue getting your financial house in order? 

But as others have said ... one day you'll look back & laugh at what you went through to get profitable & achieve financial freedom.

@Frank Chin "free cash flow of $800.00"You are obviously financially very well off based on your situation.

I talked to a guy up here from mb Financial yesterday.

I am giving myself no more than 6 months to buy my first house.Long Term Real Estate Goals: Eventually I want the financial security that I feel I can achieve in real estate investing.

In this time span I am doing flips and saving from my current professional career.In this 1-2 year timeline we would we would meet on a consistent basis and develop a solid plan of action to acquire these syndication deals.At this point I would like to connect with people and see if our interests align and if we could work well together.I currently have interest from several people that have either an extensive finance background or have many properties in their portfolio already.I currently have no deals in my portfolio but what I bring to the table is experience in building websites, marketing (specifically search engine optimization), good financial understanding, and a great ambition to succeed in real estate.If this is something that interests you please message me for more information or to ask any questions.