This can be reduced by paying off some of the OT/Yrly debt.  

The goals are to reduce liability legally, be able to pool resources when going through underwriting(Person A can claim rental income, and pass underwriting, they may share with Person B, but Person B is not involved directly with this particular transaction.What entity and structure will best meet these goals?  

The price is going to be higher because of the stable cash flow, but your risk is reduced as well.

Some get a warm and fuzzy having a hard number bid to reduce the unknowns, but generally end up paying more for it.

But let's say the LTV drop doesn't kick them out, or they come up with extra funds, the loan is fundced.Now remember the credit given under the contract, that is included on the HUD 1 and reduces the amount received by the seller and is credited to the buyer, but the loan is not required to be fund at that original requested amount.

In so doing you will proactively reduce your need to communicate with others misaligned towards wanting and working towards rewards in real estate.I'd offer a chant here but I don't know any!

I have reduced the price of the house atleast 3 times in the last month - still nothing.Our manager claims that the demand has completely dried up for that neighbourhood. 

Yeah, I know I can stay here but there are two reasons I'm not.  1) Since I'm starting with a modest amount of cash, I will need to reduce operating costs by doing all the re-hab/maintenance myself.  

In short, if you buy a cash flowing property wisely, you could be able to take out the full or at least a half of you monthly installment from it, thereby reducing the burden on your pocket.Gold or any other precious metal won’t help you meeting your daily or monthly expenses.

I bought this place as a REO for about 55% of the current, reduced price.