Also if any NJ agents that are familiar with using these and transitioning out of them can reach out for some advice and education that would be great seeing that I will need an investor Friendly agent over here to help guide me through everything.

If you have a seller-financed deal, I can help you line up a DSCR loan and set up a second position behind it so you don’t have to come out of pocket much.

A couple developers we work with skip LIHTC and the tax credits and go the route of impact funds to help alongside other debt and sometimes equity. 

However, if you intend to work with a hard money lender or utilize a short-term loan product, you're on the clock for repayment, which can be stressful if things go sideways. 

Quote from @Nick Rivers: What's the best content you've found to help you learn how to underwrite these deals? 

You know, like any other INSURANCE PRODUCT.  

You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary. 

Your lender should have been savvy enough to point that out earlier.If you already have a non-occupant co-borrower that helps with ratio.

Hello Biggerpockets,My name is Josh Palmer. I find myself over whelmed with a sistuation that I am currently facing. I have been planning on selling my home. With the sell of this home I will have approximately $140k ...

We have a 30Y Fixed DSCR product that would likely fit your needs.