My interests are raising capital for acquiring commercial property, maybe wholesaling, and repositioning. 

There are limits on them and if your policy only covers 4 rentals, but you plan on acquiring more, you'll need another umbrella policy for the additional units. 

Using the skill set acquired from the invaluable tools and resourceful community I had my first investment property 12 months later. 

If the numbers pan out, it is possible to go to the closing table with little money if you use a hard money lender.If its value is close to the $120K purchase price and you are acquiring it to hold, most lenders will require 30-40% down for an investment property. 

They can help you put a plan together for acquiring the first one and the next steps to take to put you in the right position to buy more (although focus on the first before you get carried away). 

Doesn't the buyer have to pay another down payment to the financial institution they acquire the loan from to actually purchase the home .So that's two down payments for the buyer.

The constant issue I have is unlocking & accessing this equity, preferably through an equity line of credit.

I want to get pre approved for my first FHA loan to acquire my first property, preferably a multi family home.

Overall the house has great bones but it will take a few grand to complete the punch list of items needed to remedy: radon mitigation, surface mold in attic, slight leaks at a few easily accessible spots in the roof, electrical service work.

I'm currently trying to determine the full payoff amount that will be owed to me since acquiring the lien