Again, being very focused on key buildings close to new constructions being delivered in 2-4 years, in key growth areas, you can get good deals and cash in apprecitation in the mid-long run.In older buildings, if you are not financially solid, it's recommended to sell before HOA and Special Assessment will put you out of business. 

I'm very close to going with Mynd as well.

And why do you just cruise past flipping a house and making a profit as if it's no problem with low inventory, no experience, and no connections.

You can do that to help cover down payments & closing costs for new real estate investment purchases.Now lets look even further down the road.

Twice. lnterest isnt locked in and interest went up and he now mentions constuction paperwork with totals has to be reviewed and takes 30 to 45 days plus expect a back and forth. lm suppose to close soon. 

Your motivation is excellent so now you need to build credit, knowledge, resources, and connections.

Meaning you will only be able to get 75% LTV cash out and on a $225K value (if appraisal comes in at $225K) your looking at a loan of $168,750.00.You have to factor in closing costs and your loan payoff which might put you around $138K to $140K which leaves you with $27K +/- in cash at closing.

I would love to connect with people in Northern New Jersey that are utilizing the Medium Term Rental strategy locally; specifically furnished rooms that are being rented. 

I’m a very social person where I can have connections with anyone and who will respect me as a person.

And here is what I have closed for him in the first 120 days.1. fix and flip  he put up 10k I always require the first two deals to have 10k into them then i fund 100% of everything after that.