Correct me if I’m wrong but you probably paid 40-50k for the house plus 5ish grand for the rehab.

I am a Realtor and investor and I am hearing more and more from various associations and groups that I’m a part of that we will see a market correction within the next 24 months.

Is that correct?

It's just not a sound investment, as there are so many factors that could impact the market and it may take you 10+ years to recover from a correction.

The bank says your maxed and family says your maxed out and your debt to income ratio isn’t good .. sounds like your first deal must have been a dud or you didn’t plan this out correctly .

If the projections are correct, the cash flow isn't where I'd like it to be but not the end of the world since I've purchased this property for my retirement portfolio. 

Indeed, for him and his limited experience, rents always go up may seem factually correct.

The guy who originally set up the accounts, ultimately had no clue what he was doing and was not even able to change them to the correct account.

You can bring a deal you have brewing on here and they will analyze it and help you close it the correct way.We also are happy to help in any way we can, so feel free to reach out to us.Once again, welcome to BiggerPockets, Lisha, and I wish you the best in your real estate investing career!

Better figure out the correct rent then go from there .