This brings back memories! 

Quote from @Michael Carlson: Hi Biggerpockets community just wanted to check in and see what you guys thought of this deal490k purchase price duplex in Morris county at 6.5% for 15 years.

To whom this may concern, I am an investor looking to buy my second property.

Ask them:"What’s most important to you in this sale?""

Granted, this may be what you're looking for in your ideal "retirement" but worth noting!

the ONLY true way to reserve for sub to melt down is to have the money in the bank to pay off the offending mortgage full stop any thought of trying to refi etc is just wishful thinking sellers credit will get hammered while you go through the process.

PS this is how I became a home builder in the first place I had funded a GC who controlled the payments and of course in the GFC he did not pay..

Quote from @Felicia Nitu: Quote from @Jay Hinrichs: hope it works.. but throwing in the affordable housing requirement a lot of times kills the project right there.Also at least in markets I have worked the time lines START from completed submission.. you make your submission and then get an incomplete letter this goes on for months and months soo time lines still extend.. but at least its a step in the right direction hope if works.Hi Jay, the affordable housing requirement can definitely be a dealbreaker for some projects.

any suggestions about courses/mentors/coaches on this topic? 

You always want to think about if this location goes dark how fast and cheap can I lease it.