Another aspect is the terms of the loan and being able to place a low down payment on a commercial property with a fair interest rate. 6% might not be so bad with in the next few years. 

(that was also a bad idea)Since I was 75k over budget, the bank wouldn't advance any more funds until we were back under budget... but I didn't have any extra cash.

Then if we do have a bad downturn, I  will be doing the foreclosing instead of getting foreclosed on, and picking up properties at pennies on the dollar. 2)  for equity investments,  avoid short and medium-term debt.  

@Ayodeji Kuponiyi Sorry to be the bearer of bad news.

Keep an eye out for homes that are in bad shape as it may indicate a tired owner/Landlord.

I'd vote to pay off that bad high interest debt which is your credit card debt before anything else.

If you still have cash flow on this, even with the CC payments, it may not be as bad as it sounds ( and it sounds bad).

The lady has not be reimbursed.Two days ago I received a call from a neighboring tenant who reported "Kathy's" dog was being left in the apartment for 12+hours at a time and the smell of dog feces in the common hallway was so bad it was unbearable. 

@Michael ZackI've purchased the masslandlords ones they are not bad, but I would also reccomend having a lawyer look them over as well 

The sample looks a lot like the seller (or seller's agent) found some calculation online and punched it into a formula ignoring performance in real life.If you're a potential buyer looking at investing in this property, take a deep breath and take a step back.