Again, this may not be you, and I apologize in advance if you are not like the other 98% of newbies here on BP.The hard, honest truth is that I see so many newbies on here (and talk with many of them by phone or email), who really just don't get it.  

It was very upsetting and with the tenant that's not paying me anything and I can't do anything about it right now...it's just overwhelming.It doesn't matter if you are male or female or identify as a horse, the truth and reality is that this is a business and in order to succeed we need to learn not only about what we are doing but also learn mental fortitude.It is a great thing that you are able to make such mistakes without going bust, many new investors have gone bust for much less and gave up.If I may make a recommendation.Feel bad, that is a good thing, feel low and hate yourself.

To tell you the truth, I at first thought the bank teller pulled a fast one.

v=NZ7G3JjQtCQBecause the book is quite long and tells one to not invest in any with real risk, although it some truths.

The truth is, nobody really knows what'll happen with rates.

What if:Wholesalers(Most) told the truth and said " I have no ability to actually buy the property"Filing a memorandum- The need for this is so narrow it actually should never be used. 

However, @Christopher Phillips speaks the truth.

Specifically, one who (as you mentioned) is a) an investor themselves, and b) is willing to tell me those hard truths you mentioned before we pull the trigger on a deal.

I too am finding these calculations outrageous...although I am willing to learn if they are simply the truth and my inexperience has led me to believe otherwise.

Your dti's will still be affected by this house and you are truthfully still going to incur admin time dealing with it monthly and yearly.My advice if you want to sell it OF would be to list it on the mls, get a 15-25% down payment and make it an arms length transaction.