Have been researching REI for over a year now, and have been searching for my first property.  

I think its a good deal and the house is in a good shapeMeets the (pro forma) "2% Rule", but, sold comps research is a must. eg.

I been doing my research and see a lot of people saying that is a good way to find good deals.

We done research which indicates this property is rented below market value and have demand to rent at a higher price.

We have money saved up and great credit to leverage it and from researching on BP, multifamily and commercial may be our best option.  

As I'm researching properties for us, I'm left wondering how this transaction will go down and how I'd pay him.To make numbers easy, let's say we find a $100k MFR and we want to go in 50/50 on the $30k downpayment as well as the subsequent mortgage on that property.  

After researching, I found there is a new company called Nap York.

I ultimately got all my money...it just took a little longer.Anyway, good job on the preliminary research so you can avoid wasting any more of your time on this person.

If you do some quick research , ask the Hoa President or check tax records, you can find the owner and go to him.

This is my first thread on BP as I've been spending the majority of my time researching and reading on the forums, however I do have 1 quick question i was hoping you all could help me with.I intend to use a HELOC on my primary residence for my first rental purchase and through my research i've learned that banks like to see funds in a bank account for a certain period of time, before they are willing to accept those funds as a viable down payment for a loan on an investment property.This is interesting to me, because the obvious goal with a HELOC is not to use those funds until the last minute, since you are paying interest on them.