I won't go more than 70% LTV and any investment needs to yield at least 20% on my cash.Unfortunately most people don't have the discipline to live lean while to build wealth and end up over leveraged and all it takes is one hiccup for it to crumble.

You would need to save 25% of $200k = $50k for each property's downpaymentFind good dealsPayoff your properties The whole journey can be >10 years if you are saving and are disciplined about reinvesting your cash flow. 

In the seller’s market they are probably just trying to get your offer to stick in the first place.If this is for a primary home, you’re also competing against emotional home buyers not just investors, which means the prices can be even more inflated since the numbers don’t have to work.Escalation clause and appraisal gap are your friends in this market to help win offers.

Your post is well-thought out, cogent and absent the kind of emotional drama that plaintiff attorneys abhor.

WEC has created work arounds - and because the facility is so spectacular - yet still affordable, they are booking all kinds of events throughout the year - concerts, dog shows, horse events in other disciplines, holiday open houses and markets, impressive calendar. 

Business does not mix and the outcome can be emotionally devastating.

Everyone is different in that regard.It sounds like you feel good and have vetted your sponsor well - with that you should let the emotion of excitement/pride lead. ;-)

For financial discipline, check out Set For Life by Scott Trench , or The Total Money Makeover by Dave Ramsey.

If it's chapter 13, I'd check if she successfully completed her plan and the debt was actually discharged rather than dismissed; this will give you a greater feel for her discipline with regard to obeying a monthly payment schedule. 

“This is one of those situations where when you say you’re going to get rid of a park in favor of development, it’s an emotional issue,” said Councilman Todd Pierceall.