Also, our team and staff are incredible people who deserve great acknowledgment for all they do for our investors.

@Thomas Rutkowski I've read this oversimplified version of how the policy works in theory but we both know it is far more complicated than that with an incredible amount of fees and rules layered onto the policy. 

I’m looking for a duplex at the moment but everything is so expensive in the Northern NJ part.

The experience you will gain and making a calculated decision (which you clearly are) will be incredibly valuable in my opinion. 

The listing agent aspect is going to be incredibly important now for sellers.

I can create a wyoming LLC that has 57 LLC's below it but the moment I finance that property guess what goes on that mortgage or deed of trust.

He calls it a "not yet" and that is true for me at the moment.

@Luke RentzI am going through it at the moment, but I am going through it as a lender.I have had our attorney send the demand letter based on item 18 of the mortgage:Transfer of the property or beneficial interest in borrowerAfter the 30 day demand we will file for foreclosure.

As a first time buyer, over leveraging is an incredibly risky endeavor.

Buy and hold is a little more precarious at the moment with rents beginning to stagnate.