The best path forward (IMO) is to sit down with @Adam Schneider and find some common ground.

It really only gets complicated when the body is not discovered for a extended time.It would be interesting to know what kind of a mess costs 48K to clean up.

Most of the guys I know that work those markets and make any kind of money spend a bunch a month on marketing 5 to 10k easy.. then they usually have a person on their team that runs the leads and closes the deals..  

But with this kind of negative cash flow, you are betting that appreciation is growing more rapidly than the interest you're paying--just to beat putting $900/mo in a savings account.On top of that, you're still in the window where you call sell this tax free using the primary residence exemption.Using the $80K on a $350-400K multi or two $200K homes on a 30 year fixed will provide the same appreciation while having someone but you pay off the mortgage.

What kind of properties/ Investments  are you looking for?

What kind of place are you looking for?

What kind of properties are needed in this area?

It's very common to buy a second or third property and let it sit because you can use it as tax shelter or use it as a family vacation spot.

Is this common practice on Chase's front?

@Daniel ShowmanYour questions are very common in this space and if you do some quick searches on BP, you can read up on all kinds of opinions and information from other members here.