Viewed several properties in person with my agent and brought one contractor onsite to give a quote (working on getting another one there to get a second opinion, but I don't think the numbers will end up making sense)Figured out financing and how I will be able to make a deal work when I find a deal. 

A company in that state brought me some smoking deals, fort Worth one area.

so it's unclear who would be providing what but I doubt it is sufficient to move forward.As I buyer I would agree with the wait and see approach.

Sometimes it's best to keep in the original owner's name because the insurance is often cheaper if they've owned it for a while with no claims.Regarding paying him off when the balloon is due, I think the most common approach would be to get long term financing and pay your uncle off. 

The rate will increase ~4.75%The cost of refinancing and originating lines of credit, both out of pocket and financed costsIt may have been more beneficial to approach this problem by identifying the constants and the variables first.Albert you are also correct in that PenFed limits total financed properties to 3. 

Additionally, I worry about your approach as it really relies heavily on appreciation in those areas, which traditionally do not appreciate much. 

Keep that in mind when you approach and introduce yourself to a new agent.  

My ultimate goal is to buy a piece of land and develop a 25-30 multi-unit apartment complex.I have read books, attending the seminars, paid for the classes, watch the YouTube video, google things that didn’t understand which have brought me to this point of budding career as a real estate investor.As of right I looking for a few things:1) A mentor.

And partnering with people who have done it gives you a fast track to the know-how vs a trial by error approach. 

Is there a different approach that anyone is aware or has done?