The you do a regular exchange and take title to the apt. building from the entity.Reverse exchanges are more costly and complicated but can be the perfect answer.

The answer to your question about how much to get a loan for depends on your goals as an investor.

I cut and paste some of the things from the contract - hope this helps with understanding the language.To answer the other question, the buyer verbally agreed to continue the sale at the appraised value which he was approved for, which was $244K

To answer your question about mortgages, call around. 

I suggest you learn some more before attempting a flip on your own.To answer your questions:Hard money comes from a company or institution that lends money.

if its a MF, always clean tenants with legit paperwork... means $ flow from day one.SPlitting into 4 seperate units carries its own costs, headache, all that... get legit answers from the city on this...

So knowing what you will personally be getting into should help answer your questions. 

So, the legal answer is, you can do that.

", what I mean is that when you get a deal brewing as a new investor, you can bring the details of the deals here and experienced investors will analyze it and help you structure it correctly.I hope this answers your question.

@Courtney Frickle has a post that I would like some answers about as well.