Needless to say, these late-payers are grinding down our tolerance and we are thinking of cashing out and moving onto a different investment or something within reasonable travel distance.

You may not be able to qualify for Conventional, or what you qualify for might be too low, but it's absolutely worth exploring.If your credit card minimum monthly payment is only $25/mo, then you are actually mostly likely better off NOT paying it down or off, and having that extra $7K available for down payment and reserves.

But getting the apartment complex to actually delete it will take some work.  

There is a reason why they won't loan to you on this project and it's for your own good (and theirs).

Is there a specific reason preventing the owner from selling to you outright?

@Dave Foster will be able to help with this...the first question I have is have you actually established what the capital gains amount may be? 

I actually track my net worth on the Rocket Money app.

@Chris Schneider the actual enforcement will vary depending on the area.

I'm planning to getting my feet wet with an actual investment, specifically in the LTR space in Philly -- where I'm currently based. 

Tons of listings but I’d like to get a referral of actually been used by someone.