.: I recommend you invest between your two ears as much as possible, whereas 20 K is not going to get you very far in and of itself.I have a masters (student loans paid off) and read 8-10,000 pages a year.

Quote from @Josh Deschene: Hello All,This is my first post and I will try to summarize as clearly as possible.

After that, the lender may use a private auctioneer to auction off the property and try to recoup as much money as possible.

You might consider: Consulting a Real Estate Attorney – Your emails may possibly prove misrepresentation.Requesting Public Records – A FOIA request might reveal why the city denied you but later approved the duplex.Escalating to City Officials – Bringing this to local officials could expose inconsistencies.Exploring Tax Write-Offs – A CPA might help offset your financial loss, if it is possible.I’d definitely seek legal advice.

But I am open to other financing possibilities.

I highly suggest getting your feet wet in your local market if possible if you plan to rehab or manage the property yourself.

The possibilities are endless really. 

Although, my company would be LISTED in the foreclosure, there would be no negative impact on me other than possible rumors about me being in dire straits.#3.  

When you finance through national lenders, in your experience, is a balloon a common requirement for commercial loans of this nature or is it possible to get a fixed rate for 30 years?  

My plan is to take the next six months to try and learn as much as possible about multifamily real estate, while also saving up money to be able to start a career in brokerage.