I agree with Jorge's idea... why not rent another place for now--perhaps to split with another roommate--and continue getting your financial house in order? 

But as others have said ... one day you'll look back & laugh at what you went through to get profitable & achieve financial freedom.

@Frank Chin "free cash flow of $800.00"You are obviously financially very well off based on your situation.

I talked to a guy up here from mb Financial yesterday.

I am giving myself no more than 6 months to buy my first house.Long Term Real Estate Goals: Eventually I want the financial security that I feel I can achieve in real estate investing.

In this time span I am doing flips and saving from my current professional career.In this 1-2 year timeline we would we would meet on a consistent basis and develop a solid plan of action to acquire these syndication deals.At this point I would like to connect with people and see if our interests align and if we could work well together.I currently have interest from several people that have either an extensive finance background or have many properties in their portfolio already.I currently have no deals in my portfolio but what I bring to the table is experience in building websites, marketing (specifically search engine optimization), good financial understanding, and a great ambition to succeed in real estate.If this is something that interests you please message me for more information or to ask any questions. 

All these things will greatly influence the strategy you take.

Developing relationships with asset managers is no doubt a solid strategy, but I see no one talking about developing ongoing referral sources from other financial professionals like attorneys (any kind), accountants and financial planners. get just a few of these guys in your corner referring one or several of their note-holding clients to you per year and you now have an ongoing referral system that keeps on giving.

If you don’t have money set aside in case things go wrong, then I wouldn’t encourage you to use private money until you are at a place financially where you could come in and buy out the private investor if things went wrong.

You may miss good deals while waiting, and more importantly, you will miss on making connections and getting a name out there for you as an investor that focuses on X or Y niches.However, you can definitively do something to take advantage of this market (high valuations and easy access to money) and your situation (low LTV and hopefully good cash flowing assets and personal financials) without having to deplete your cash reserves paying down loans or reducing your cash flow by getting me loans.