Hi everyone,I am making the jump into apartment complexes and I am having (typical) newbie issues of raising funds to purchase.  

If you have the funds to buy and fix up the property then do that.

There are other ways to cover the minimum requirements for reserve funds.

Getting in contact with local wholesalers could help you find some decent deals in some of those desirable neighborhoods.Best of luck to you!

I am a full time worker, hoping to begin working in real estate part time to accumulate funds and knowledge before "jumping" into real estate full time.

The only issue is that most hard money lenders I talk to won't fund a house for less than 100k.

Unless you have cash to buy the properties, I don't think you'll find funding. 

And yes is you buy a junior position the other mortgages senior to you stay in place but the IRS goes away as stated.. its the first in time is first inline ... so say you bought a second TD and there was a first td and a few mechanics liens filed before the 2nd was filed then those stay.. although rare because the second usually wanted title insurance and would not fund with liens in front of it.I loved Trustee or Sherrifs sales when IRS liens were there.. it scared all the newbies away.. and or those that had to back fill with a loan ASAP and could not wait out the 120 days.

You can use a FHA funding program then you stay in a unit and collect rent from tenants from the other three.

Hello, I am looking to acquire additional long term rental assets but am running into issues finding a lender that will fund me due to the fact that I had a foreclosure 4-1/2 years ago.750 credit scoreGood incomePlenty in reservesLooking to acquire properties 180k and below with 20-30% down but haven't been able to find lending.Any suggestions?