Our chosen hard money lender took a look at the appraisal and refused to fund it.

@Derrick McKeever Glad to see you have chosen SB to invest in.

My reaction---I was wow'd---I never had even heard of the things they were discussing and it all sounded so easy to do with their system....and also, they weren't just letting anyone in---you had to be 'chosen' which made it seem more honorable. 

Have you chosen a market yet?

Have you chosen a title company for closing?

My problem is I've never done a deal and been concentrating on my chosen path multi family homes.

My husband graduates with his undergraduate degree in Chemistry this May and he has chosen to defer his doctorate program to Ohio State to get started on our real estate goals.

This product offers High LTV ARM options for purchase and rate/term refinance transactions on primary residence for the following actively practicing medical professionals:  Actively practicing medical doctors (including DOs), dentists, dental surgeons and veterinarians or the same who have chosen a researcher position in their field of study and are within 10 years of completing their original residency or fellowship, or  Newly licensed medical residents who are currently employed, in residency or fellowship, or  Newly licensed medical students who are about to begin their new employment/residency within 60 days of closing.

I would first try to makes friends (Bigger Pockets is your greatest resource) in the market you have chosen to invest in, fly out there to see it and meet people and get driven around, and get a feel for what you're getting yourself into.In my opinion, and this is coming from someone who has been in your shoes, is to meet the Turn Key people 1st so you can see the brand new units and get the shock of how nice they are out of your system because most of the time it doesn't matter; the units likely either cost too much and come with strings attached in the form of a crappy property management contract.

Would have chosen the HELOC all day long if our property wasn't in Texas (Texas limits HELOCs).