This money gets added onto the back of the loan kind of like a VA funding fee does. 

Quote from @Eli Jerman: So I am wondering if I can still use Turbo Tax to do my taxes this year.

HI, we can help you out with the contracting side of things . we service Atlanta and Macon area and about to get involved in Coloumbus .

Suppose you're always on the lookout for ways to help your clients grow their investments and add value to properties.

With your experience working in building materials this could come easier to you. 

There will be many situations where you can help a homeowner save their home -  however, in other situations they just want to sell quickly which provides a wholesale, fix/flip, buy/hold opportunity for you. 

Generally I'm a fan of hold until you die but in this case you are earning low cash flow on a large amount of equity.

Folks this is meant as a beneficial post and not about good or bad positions.  

This brings back memories! 

However, I would encourage you to Network work local real estate clubs in the PA/NJ area to help identify your target market and ideal investment for your first property.