We remain as sole beneficiary.

Had I sold in 2006, I would have flushed $35-40k down the toilet (even though to be fair, I would have been able to cash out the remaining equity).

Older gentleman (mid 50's) in a transition program through our county court system; allowed to work during the day but remained incarcerated all other times. 

Ravi, if you bought a property that netted $6k/mo would you then buy another one that lost $2k/mo and be satisfied that you're still ahead by $4k/mo?

If these are truly good deals, wholesale two & use money for payments on credit/rehab on remaining property.

I guess it comes down to either finding a financial partner or coming up with enough for the remaining balance of what I cannot get financing for.

REALTOR will remain objective3.

When that debt is gone, the income will remain.

As for FHA, it is a little more stringent towards safety related issues and you must also pass something called self sufficiency (75% of the rents must cover the PITI payment) to be able to satisfy the lender to give you the loan.BUT If you can get properties to pass these criteria (most certainly can be done), it is an extremely lucrative and low cost way to get into your first property.

We purchased the last remaining heirs interest in each of the three lots on his birthday and were able to make the property marketable for sale.We took these properties no one could solve, and solved the problems for the family and ended up getting three great properties back on the market for a developer to scrape the homes and build duplexes on each lot.