We decided I’d utilize an FHA loan to buy my first property.

Lesson learned is to pay more to get into a nicer area (B neighborhood) with more reliable tenants to avoid the vacancy risks, but again, if we can just get the 2nd unit filled we will finally have stable cash flow.

. :-))But yes, I could take a $200k or $300k tax free loan every year on the appreciation if I couldn’t manage to make ends meet at $20k/mo.

It only takes a few minutes to comply, and this way, you don’t have to worry about any decision they finalize on later.

For example because New York is a generally more expenisve market, you have larger loan buy downs, bigger dollar appreciation, etc.

yes, you could use the HELOC as a down payment on a hard money loan, and then the hard money loan for the rest.  

is so what lender did you use that provide non recourse loan?

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

I've spent the last 3 years nagging the city to sell me a lot next to my property so I can install a driveway and they've finally agreed.

Two things I remember that probably don't happen today: -First property was a no-doc loan, technically low doc because you still had to provide information but with 30%+ down pretty much anything you wanted was yours.