The unit is on the second floor of a 2 story building, the building being only 16 units total

Second, each mortgage will put more debt against you, which will have to be covered by income if you try to obtain any additional mortgage or other loan.

And my tax pay to IRS is minimal since I am not working.We are thinking about buying a second property in southern CA as an investment/rental as we probably won't move back to the States in the immediate future.

If so, that puts another lender in second position, which will be tougher to find.

The second advantage is the extra time to get your life back in order.

It's monthly; the second Tuesday of the month at the Radisson in Culver City.

I have also tried the free trial a couple different times, hoping the second time would show some improvement.

Some of the hard core investors may not agree - that is fine.For the first vacation property in each geographical area - I agree with you.Adding a second or third in the same area, however, bares further thought as per some of the posts submitted here.

Increase that market with owner financing, or carry a note for a second, or offer a lease option.

The second most important element that will make it successful is using an AAR contract.