This would fall under the more creative side of things.You could just decide to only leverage your properties to about 50% if you wanted to stay on the really safe side - meaning that if you needed to, you could always sell quickly.Good luck!

The playground at her kids school was contaminated and they sent two guys with a shovel.

I'm looking for a 2b/2b, and because I'm planning on living in it for a while, Id like the location to be near a bit of night life, restaurants, bars, safe, etc, but when it comes to the actual home, I'm fine with getting my guys to do some remodeling work on the inside after purchase (aka "finding the worst house on the best neighborhood").

Based on some of the information you shared in your post, is it safe to say you aren't working with a mentor?  

So here's my conundrum- I really want to get into house flipping as soon as I'm knowledgeable enough to do so safely, but I have about $80k in debt.

We did shut down our Hourly Studio for a couple months until we felt it was safe enough to reopen it under the right protocols.

I don't pretend to know what it's like to have been born in one of "those neighborhoods," but I do intend to make whatever dents I can by providing housing that is safe, clean, and affordable (ie not boarded up and neglected waiting for another buyer).Like I said in the original post, I knew flack was going to come.  

Unpaid Principal Balance:  $652,318.91Total payoff amount: $816,335.37Total interest: $98,845.47Total Amount to Reinstate good through 11/12/2015: $271,256.66Daily interest accrual: $46.22Is it safe to say that after I reinstate the loan, the principle balance will be $545,078.71 ($816,335.37-$271,256.66)??

Bedrooms have to have true egress windows to be up to code (and safe).  

If you offered him to move out early, it should have been in writing and signed by both of you and it stated by X date the tenant relinquishes all rights to enter the property and giving it back to the landlord.To be safe, perhaps you start the eviction process today.