You don’t have to pay $20k+ to learn to broker loans. 

I’m not sure where to go from here or what, if any recourse can be made to recoup my money.My take is you get what you pay for & low interest is not worth the crap we had to ho thru and in the end, they didn’t come thru but will brag how they close hundreds of deals a month.well, they didn’t close this one!

My guess is that you will pay less per month with multifamily than a single family. 7.

., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).

I noticed that the previous owner let them pay half the security deposit and the other half later, which is a red flag.

Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.

But, the self-sufficiency test for FHA loans can be really difficult in SF, meaning that the market rent from units you will not occupy must be sufficient to pay for the mortgage payment. 

And particularly one that pays but a fraction of their real job. 

@Jon D. some questions, the answers may help you better focus.1) Why did you pay your primary mortgage off in the first place?

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.