I've done a couple of direct loans, but for the most part, I work with a mortgage broker who brings deals to me.

A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity. 

Courts will surprise you on how they interpret "facts" and the implications.Oddly, the seller committed perjury in front of a federal judge on a couple of occasions and suffered no consequences.

A couple of Roof claims due to storm damage in Tucson, and we had several sub-to deals in Oklahoma when grapefruit size hail decimated a big section of the whole town. 

You'll still need enough income and DTI ratio to buy another property in a couple years even with this rental income.

You will appreciate what a couple of month of effort and education can do for your credit with very little financal output.

A couple problems dividing a property and selling in a “Timely” manner and then picking exchange properties of equal or greater value than the lots you sale.  

Or should I wait it out a couple of years until I have a larger amount saved up.

My first answer is nobody knows.I have got several deals in couple of days before.

If the market value mentioned above is accurate and the “initial” loan balance hasn’t increased by rehab funding, I wrote above that the proceeds are just a couple million after closing costs and commissions.