The LO at Summit Funding (a competitor of mine btw) is the only lender you've so far spoken with (aside from on this forum) that told you what you "need to hear," not some bullsnizzle about what you "want to hear," that was balanced with an actual deliverable. 

They should know the ins and outs of NJ nuances and customs and if L/O and R/O products even exist. 

Also tagging my favorite LO @Wyatt Wolff

Lo and behold, the property was in terrible condition.  

I am currently doing that, and I first was not accepted because of ratio issues, but I rolled a couple of credit card balances into the HELOC and then the ratio's worked (I had a really nice LO who let me run a bunch of scenario's by her - the first no may not be the end.  

Kristine Marie Poe Wow- I think I'll be giving your LO a call as I didn't realize there were such penalties if I do something wrong here.

Waukesha countyMap-based interface: https://www.waukeshacounty.gov/landandparks/land-i...Tax listing search: http://tax.waukeshacounty.gov/Default.aspxRE documents search: https://landrecordspublicaccess.waukeshacounty.gov...Washington countyMap-based interface: http://gisweb.co.washington.wi.us/Apps/washcogis/Tax listing search: http://landrecords.co.washington.wi.us/LandRecords...RE documents search: https://landshark.co.washington.wi.us/LandShark/lo...

Hopefully the LO coached her properly.

I am an LO at a DSCR lender known as Easy Street Capital.

Top tier investors talk about billions of dollars over breakfast.The big differences in the various facets of RE is in my opinion:Agent, wholesaler - jobs.Flipper, L/O wrapper - small business ownerBuy and hold, notes - investor.Have a quick google for Kiyosaki's "cashflow quadrants".