Fingers crossed!

On top of that, 203k is an FHA loan, and FHA is incredibly skeptical about counting departing residence rental income, and will only do it in a few rare circumstances (typically involving a job relocation or similar), which could screw up your lender-calculated DTI. 

It used to be that anything 24.99% or higher in ownership whether the LLC was titled or obligated or both still counted as a financed property.Currently it has changed so that if a property is titled in a LLC and the note is obliagated in the LLC's name that that property and loan will no longer count towards the "financed property," count.So in theory if you convert your properties into a LLC and have the LLC be obligated on the note then these properties will not count towards your financed properties count.

Several have asked, but saying no has never been a problem.However, you've already crossed that bridge - - be a person that keeps their word. 

At least 3-4 deals cross my email each week that have decent rental numbers and one or two of those might even include seller-financing.

great idea I'm small investor my self ,this is a profitable idea because not just with return but also with building a team that can do business together in long run, if you do it once and it works then the future is unstoppable .If you ever consider doing business in disney florida area count me in ,I'm on board ,good luck.

use a standard NJ realtor contract. you can google it. if you are going to wholesale or assign the contract you just need to cross out the paragraph that says "not assignable" 

We need to get the head count for the food we are having.  

Rebecca - once you're up and running you can count on me as a potential client.

Then the thought crossed my mind..."