I wasn't playing any music, I was sitting working on my computer and there was no noise. 

EDIT: now saw Chris reply minutes ago, so what he said LOLYUP you have two bummers in one deal.. you have dead beat seller ( not always of course but if your talking these low value beat up homes in semi hood areas then yes) and you have the marginal borrower you described.. so since title stays with the dead beat original owner who knows what mayhem they could cause to the title and force you into a foreclosure or quiet title just to remove their crap.. in the right circumstance they are OK  know the owners well know the borrowers..   

Unfortunately the building I bought in does not support STR but I still think its a solid play as a regular long term rental.

And it's completely up to you and the amount you are willing to spend.If you are planning on making real estate a long-term play then you should definitely be on the hunt for a good accountant and attorney. 

If you're using your credit cards to invest in equities, that is a very risky play that could really bite you in the butt.

So, ideally that would be a cash-out refinance of your personal home to the highest LTV you can get on a conventional loan and then moving to a home that has an investment play associated with it (a house-hack or something else). 

Perhaps once you go through an agency you can make some notes on the process to ensure you and your lawyer are well prepared and can do it yourself if it ever happens again.Good luck and I hope Karma plays in your favour.

I am sure you know how to play basketball, but ain't nobody going to pay their money to watch you do it, so you don't get the big bucks like the dudes in the NBA.

With prices north of 1.5M, we are trying to figure out how the financing would play out if we'd like to stay in the 5-10% down range.

There is no "right" strategy just one you have to understand how to play with the investments you have.