You will use conventional or FHA, but it's VERY hard to win in Northern NJ with an FHA loan on a multi just because most sellers interpret FHA as not having the money instead of an investment vehicle so that needs to be explained.You aren't going to learn much in an online underwriting course as most of those are for commercial properties and no one online can teach you how to underwrite a small multi in Northern NJ because the vacancy, cap ex, taxes, are all different.

@Omar Maresstart with a house hackif you don't have enough money to house hack, save up enough money until you dohappy to answer any questions you have here in the forumsgood luck

I have a team of professionals working alongside me including a real estate broker, contractor, project manager and hard money lender. 

An example of this would be mixing your personal money and LLC money in the same bank account.3.

What doesn’t sit right, the concept of the time value of money?

You have just saved yourself money and a headache from work or workmanship that is probably not up to your standards.Good Luck

As things come up you can make decisions to try to keep the money in line.

Show me the money!!!!  

For example: the hard money lenders that I work with will analyze and appraise a property themselves before loaning out money.

While you need money you do not need a ton of it.