They seem like very nice people but the guy took offense to it when I told him firmly that no more improvements are to be made.

The S&L said no more I took my list of houses to a local bank and they gave me a line of credit.

Mail the dang check - no more cash!

I've been considering single family and multi-family (no more than 8 units), and ideally something local to me (central NJ). 

I was curious about the point that Paul addressed and that is I want my name to be on the lease seeing as the soon-to-be previous owners have no more part in leasing. 

I have never done house hacking before since i married most of my life, so unsure how well this would work out, currently im single so no more wife issues on this one. 

They typically ask no more of you than to respect their time; follow through on your commitments; and a demonstration of your desire and ability to learn.

I’d like to be earning 10k a month in no more than a years time.

@Marc WinterI would say, I would kind of need to structure the deal is such a way, or atleast, considering my financial situation, it would make the most sense and have potentially less risk than using a HML, insofar as the concerns you mentioned can somehow be addressed within the contract.The house in question has an ARV around 225K, around 25K in repairs and I would offer to buy at no more than 140K.The 10K I have to work with would not cover the downpayment on a 140K loan at 10% with a HML, unless I structure the deal with partial seller carryback on a note for 50K payable after the sale is complete, in which case I would need a loan only of 90K which would leave me 1K to cover interest payments, assuming points are rolled into the loan and a bullet loan is not an option.She is my neighbor and I'm on very good terms with her.

It says that in order to get ahead in the Real Estate game and be able to scale quicker than just by saving new deposits every time, you should look at paying no more than 70% what sold comps are going for - and that includes your anticipated rehab and holding costs before renting it out (or selling it).