WE all get paid at the same time when the property closes I get my money back and my agreed on captial partner split they get the rest.. for some it works great we help them scale.. for others that just do a few a year and are dialing for absolute cheapest rates and have the money for downpayment and to make payments etc.. thats the route they will go usually broker who is putting them into a large lenders program and raking points off the top and at closing..

Quote from @Jason Wray: Yes, you can use an FHA 203K program or even convert it to Fannie mae and use a renovation loan if the LTC/ARV allows.Cool thanks for the info!  

If that furniture grants you that performance potential go for it.It appears you're looking more so for what your break even point is.

The growth in Chatt (in part driven by it appearing in every single "best place to retire" vlog from 2010 onward), is in a different league.

The main thing being: giving up a property that appears to have appreciated pretty well is just a touch pill to swallow and I've regretted a few moves I've made when put in a similar situation to yours, and I had less equity in mine.It sounds like you're moving to Raleigh in the near future and want to buy a multifamily to househack.

So for the first property which will cost over $1 mil to construct, there will be stacked loans, essentially $280K will come from loan assistance program,( the name is not correct but the same idea).

I second @Erik Estrada Chase offers great programs for business, multifamily, and conventional loans for commercial properties.

The Registered Agent will record the documents on your behalf so only their name and information appear on the documents.

We utilized the down payment program and use our own money to fix it up.

From googling, it would appear I need to hire a professional.