(I ask this one as I see a lot of recommendations of utilizing an attorney to acquire foreclosed homes, but absolutely no idea what type of attorney, how to integrate them with a broker, etc.).5)  Any other information that is important that I may have skipped over here.I completely get the general concepts, but so far, all the books I have read and websites/videos I have researched are just a bunch of hype. 

Here is the story.I recently acquired a small storage facility (34 units) in Carson, WA (40 mins from Portland).

As I move forward to acquire my first rental in the coming months, I’m seeking creative ways to fund this deal.

Besides inheriting a property, this is by far the easiest way to acquire a property.

Yet, later when you go to acquire another property, the banks won't lend to you because your DTI is already maxed at the limit they allow.

To answer one of your questions, yes, note investors have to develop many sources for acquiring notes.

I'm located in Northern NJ, just outside of NYC where both property values and property taxes are ridiculous so in looking to acquire my 1st property was leaning toward a BRRRR House hack situation of ideally a 4-unit; however, SFR is slightly easier to find better deals (not much better just a bit more affordable) in this area; however, with COVID hitting the area HARD (Hudson/Bergen Counties); will the idea of living with strangers in a SFR still be viable or will this virus make the masses lean towards wanting their own space that much more? 

@Victor Ong I caution against using notes as a primary way of acquiring real estate.

Note too that since it's over $25kThe SBA is collatoralizing all of your assets owned now, and acquired before the end of the loan. 

Let say for example on a $690,000 house multi-family with four units using the FHA loan 3.5% which come down to $24,150 would that be enough to acquire the house.