I am also on the loan.

I am bullish on the FHA 203k and home-style renovation loans that allow you to leverage the cost of your renovation as part of your mortgage, which is just an insane deal, in my opinion.Do you have a specific area where you want to purchase?

Secure Smart Financing – Consider FHA, VA, or conventional loans for small multifamily (2-4 units). 

Purchase price: $240,000 Cash invested: $60,000 purchased this distressed duplex using owner financing for $240K and a $60K hard money loan for renovations.

How can I build my credit and financial profile to qualify for loans?

So you are talking about a loan of $200K.

For context, I will be assuming his VA loan at 5.1% and he will be doing seller financing for the remaining equity and sale price. 

In general though, I would think that if this is a partnership LLC you could make a capital contribution in return for equity in the LLC. 

OH is an escrow state, so i would have your agent reach out to the escrow officer and let them know you are cancelling the escrow, and which contingency you are exercising (whether it be appraisal, loan, or otherwise)... and ask when you can expect your EMD back in full.

I was pretty leveraged with my HELOC, 401k loans, etc. but I could have been even more aggressive.I only have 12-doors though.