The property has decreased in purchase price from $99k to $95k.

The HELOC gets re-evaluated and credit line increased to reflect the decreased mortgage. 1.

I like the idea above in calculating how much vacancy (or decrease in rental revenue due to dropping rents) can occur yet still be at break even (or whatever acceptable negative cash flow you can financially handle).  

(though as we all know these numbers are probably way off.)All of that being said, my wife is now completely turned off due to the fact that it's not a "cute little apartment complex".Here are my thoughts with what I would need to make this fit for us.PP go down to $175k-$190kOwner finance at 5.25%-5.5%Some agreement on either decreasing the $30k down payment or having owner fix/invest in a certain amount of things before I buy.

Hi, my name is Shon however I go by my given middle name which is Sirtino. I'm new to real estate wholesale investing and I have reached out to people and gotten the same question "Where's your proof of funds?" I've r...

You actually DECREASE your Debt/Income. 

The intention is to decrease the foreclosure rate for such a low down payment, by it being an owner occupant product.

If you decrease expenses then the NOI will increase.  

Louis Federal Reserve website to look up info on average rents and to my surprise, there was very little in the way of decreases on any long term basis.

If the tenant breaks the lease the value in the addendum is added to any future collection attempt.If done correctly, in the right area, this can decrease the amount of turnover and increase the speed with which you take on new tenants in the event of a vacancy.