Think how much more equity you would have if you just borrowed the money instead of bringing in equity partners.

We borrowed cash from a private investor to fund the purchase price and most of the renovations.

I've been trying to find creative ways to finance the property so I can act quickly since this property is checking all the boxes I want.One strategy I've been thinking is partnering with a friend who still lives in the town so he could be on the primary borrower on the bank loan and potentially qualify for an FHA loan which would significantly reduce the down payment requirenments.

I work as a private lender & over the last 12 mos, I"ve been dealing with a broker/ borrower combo in NY that purchased about 20+ properties in the Albany area. 

Most of the time for rentals, you want to put 20% down and borrow the rest unless it is a small amount of money.

First I would like to see how much I can borrow for a house hack or just standard rental property investment and see what my options are.I’ve got about 30k +30k loan on my 401k.What do people recommend?

I figure this will affect how much I can borrow.

Yes, an assignment, you need to document the consideration and if you have a note servicer to let them know (or borrower) in writing, we can help prepare these documents for a flat fee.

If I land a renter, I can then upgrade the mechanicals and such with borrowed money as recommended.

Why a Fannie Mae, because on 6/1/2016 Fannie Mae changed their rules allowing a borrower to transfer title of a property after closing, to and LLC that they are the majority owners/members of, without it violating the Due on Sale clause.