I asked about the residence b/c your options for HELOCs and LTV decrease on investment properties verses primary residences.

We did a large rent decrease on the units just to fill the building up b/c we were getting close to the end of October. 

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.

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.