Utilized a low down payment loan, maxed seller credit, tax proration and closed on the 1st of the month to maximize my cash and acquire this property What was the outcome?

After closing they split profits 50/50 with you.

Close the deal through title company.Is that right? 

Albany is also an attractive option to New Yorkers because of the price-point and proximity to nearby colleges.All the best!

Quote from @Tom Enright: Hi Forum, I'm about to close on my first STR and plan on materially participating >100 hours this year as I'll be working on the property and plan to rent it the last 1-2 months of the year.

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC. 

(For example, IF I was able to purchase the first home (multi-family) outright, paid-in-full, then use a HELOC to pay for the down payment and closing costs for the second home, would that be a smarter approach?)

I am thinking the Pros of the HELOC/HEL are a faster closing, perhaps a cash discount for the purchase, no PMI, lower rate/cheaper closing?

Quote from @Ngozi Iwunze: Hello BP community, I'm closing on a property in Downtown Cumberland Maryland.

In addition, they connected me to the preferred lenders who also helped with closing on the property within a short period time.