The sale failed and he still owns it.One of the potential solutions is to use an SBA 504 loan for the real estate. 

What I tell clients time and time again is to invest with their end goal in mind. 

However, a general rule of thumb is to hold it in the same taxpayer name for at least one year before making any changes.

Talking to others also gave me insight into different markets and strategies, which made it easier to figure out where I wanted to focus my efforts.A simple tip I’d give is to start small and grow gradually.

Best approach for raising capital is to solve someones problem.

The goal is to start building long term relationship with, so any names would be appreciated. 

I can’t r ember where the link is to lists but if you google it it should come up on hud.gov somewhere

Additionally, while rates aren't historically bad right now, they are higher than 4-5 years ago, and they will be even higher for you as an investor than they were as an owner occupant, which is what you were when you bought originally.I get that you are anxious to add to your portfolio, but that could be achieved without touching your first golden goose.Sometimes on BP, the push is to leverage every last spare penny, but that can be a risky game as the markets shift. 

My advise is to look at property online and see if you can talk with an agent first to see what the rules are for that state.

My goal is to hold on to this property for the long haul.