If you have any questions related to lending, always feel free to reach out to me.

Get in and our of 3 projects as fast you can and now you have the experience and some profit and now the terms and programs get better for you and you will have gained some knowledge and know exactly what to expect.Just keep in mind that projects have a life cycle of 4 - 6 months. 

They may find they don't have the pricing or the booking knowledge, and their occupancies are really low. 

This helps you get a feel for them and their pricing. 3.

With no experience and little knowledge in real estate, is there a strategy I should consider just to get the ball rolling and collect knowledge?

In meantime you can put it in the market.That is why is important to partner with a realtor that has knowledge on these processes. 

It's amazing the knowledge that a professional who's been performing 1031s the past 20 years.I've done several webinars with Dave and he is often used in our communityGino

@Carol Venolia We totally understand and feel for you!

Thanks for sharing your knowledge! 

Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.