I ran my own custom proforma for a bank loan using the asking price that would generate a cap rate over 10% and CoC just under 20%.

We've utilized the VA loan for our current home, and this strategy has worked well so far.

No Fraud.Thanks for your 'deep-dive' into Victor's situation. 

Here’s what made a difference for us:🔹 Mortgage Relief – Many lenders offer disaster relief options like payment pauses or loan modifications.

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.

If you’re using financing, this situation might also influence lender decisions.I have many rentals in Jacksonville FL and have had to evict three tenants.

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

Yeah my goal is around 30% but its hard to achieve, especially using a hard money loan.

Check out this podcast from BP, with Dave Meyer and Chris Clothier from Nov.we work with clients all the time in your situation and can help strategize your portfolio to reach your 10-15 year goals!

The situation allows for an excellent opportunity to work with a property manager and build trust.I am looking to gradually build and scale my real estate portfolio in Atlanta by purchasing one property each year.