Typically you would need 20-25% for downpayment.

Why any information about garages would appear in a resale certificate is odd -- that is beyond the scope of a typical cert. 

These programs are pretty typical to determine if they’re worth it or not.

Typically the sponsor (you) still pay a preferred return to the investor and then if property makes more it evens out (called waterfall).

I've been to four or five of my local meetings and at the last one I asked one of the bigger private lenders what he typically looks for in a deal. 

Depends on the city And state but typically between $25-40/sq ft.

Yes, it can, but typically if its a one time capital expense that in any other year would have been income and its the kind of expense that only takes place once in 15-30 years, then as a loan officer, we can add back that as income in most cases.

Larger banks do have a more regimented process but smaller banks do have a department, SAG, Special Assets Group that handles these properties and a typically an REO manager.

In Pennsylvania, you cannot just hire an MLO to handle origination unless you already have a state lending license and everything that goes with having that license.FYI: The typical MLO will not be qualified to advise you on all you need to know.

Typically though your mtg gets wiped out and you May be entitled to some of the surplus funds, if any.