For me, the answer is a yes due in part to rebuttals to concerns outlined above:You can (and should) limit risk by buying rentals with healthy rent margins in markets with high resilienceMarket conditions suggest it a good time to take advantage of “good” debt and avoid excessive liquidity rather than the other way aroundAlternative asset classes are either low yielding or speculative and are historically questionable hedges against stock market volatilityCompetition alone should not be a deterrent.

Finally, if excessively dirty or broken tents pays for replacement cost as listed in lease.

Tax, title, registration, dealer costs, shipping etc.If we go back 3-4 years in a less competitive market it wasn't uncommon for VA buyer to ask sellers to cover some of these, some of my clients even received enough closing costs assistance from the seller that they paid off some debt from the excess(btw you can only do this with the VA loan). 

Don't loose focus because you need $5K or something.

I don't want to involve a partner because I want to know first that I responsibly can do my first deal without the burden or stress of loosing someone else's money.

If you can find someone with excess capitol but not the desire to be the workhorse it could be a great match!

As I do more and more research to figure out my options, my main goal has become to loose the smallest amount of money possible.

This has been wearing on me and I don't want to loose my good tenants.   

Any amount bid in excess of the 2nd mortgage judgement goes to the current homeowner and not to satisfy the 1st mortgage balance.In this case, that first mortgage is from 1992 and has been assigned a half a dozen times.

NO EXCESSIVE WATER USENo washing cars, playing with water, filling swimming pools or other excessive misuse of water please. $150 worth of water usage per apartment per water billing period is included in the rent.