If you sell the home, expect to lose about 10% of the value of the home in fees/costs.6% to realtor commissions, 4% in other closing costs(Transfer taxes/title costs).There may also be income taxes as a result of the sale.

Instead of paying rent and losing that money, we’d rather put it towards a mortgage of our own.

Technology won't change that.The echo chamber investor is the most likely one to lose their money on a deal because they only want back pats and don't listen to constructive criticism.

Unless I read something incorrectly, you stated that if the company you are speaking with comes close to their numbers, you would only lose $100-$200 monthly.  

Lose money, gain market share, eventually profits will come... 

They WILL give me a heloc, but only on $381k, in which I would lose out on not only the ARV value, but the 60k cash I invested into the rehab.

I recommend listening to this Bigger Pockets episode on how to protect yourself when investing in real estate: Real Estate RookieDon't lose your portfolio to lawsuits!

Otherwise, I never found a deal on loopnet where the asking price was right nor where I could make a good profit.Is is absolutely imperative that you have a broker represent you, but always remember that even your own broker is not going to tell you the downside of the deal since your own broker would lose out on a huge commission.

Every way I figured the deal, I couldn't really lose so I just made the move.

The worse part is; after wasting your time and losing sleep at night you will never get one penny of your money.Go to the court and find out how to garnish your ex-tenants wages since you know where he (or she) works.