After paying the $8,100/mo mortgage I now have a negative $225/mo cash flow.

Speak to the commercial loan officer, not the retail side.

i had a guy in florida try and tell me the following:buy SFH 209,000 - new construction.at completion - "value" will be 252,000he tried to tell me that with an ARM of like 3% for one year - with a negative cash flow of about 6000 a year.in two years i could turn around and sell it for 270,000so that's negative cash flow - 12,000.the down payment was of course ridiculous like 1000 bucks - with all this "great financing".so that's 13,000wow for an investment of 13,000 - i would make over 50,000.in the salesman's words - for 13,000 investment for 50,000 return - that's not bad.BE CAREFUL when you're considering your investments when you're new.

Large scale investors (to the magnitude you speak of) are faced with the same issues you have mentioned (dings to personal DTI and credit report/scores, etc.) and often turn to private funding to avoid these concerns.

I do have steady tenants leased it is leased until Oct.You're negative $700 a month and it is fully rented?

If you feel your group is lacking financial direction we would like to speak with you & discuss not only your personal goals but also the goals of your group.

I'm speaking of Countrywide.

Where are you located and I can send you a referral to speak with.

Sure you'll be out the $19K you've already put in, but that's better than throwing in the $19K and then bleeding another $800 or so a month in negative cash flow, "hoping" that the market comes back quickly enough to bail you out of this bad mistake.I think we're in for a couple of years of flat and/or falling housing prices.

I would rather not get into details, as there seems to be a culture of no hear,speak,see.