For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

You can get a $1.2M stop-loss policy that kicks in after $300K combined losses on all 5 units.  

Is the loan assumable? 

M my loan never closed.

Review Anchor Loans, they have closed many investors I've worked with.

You need two years of steady income before you can qualify for a loan.

Based on the numbers seems like it was a straight forward conventional loan...any challenges?

And addressing my item #1 comment, almost always, when a "distressed" homeowner is approached, they initially are grateful to have the loan brought current, but before long they forget the circumstances they were in and you become the bad guy that stole their house.

They say as I have just seen they will loan money.

Financing OptionsParent Loan Options: Consider home equity loans, investment property mortgages, or co-signing a loan.Tax Implications: Speak with a financial advisor about potential deductions and capital gains.Rental Income Potential: Explore the option of renting out extra rooms to offset costs.5.