Hello all, I am currently residing in central NJ, and as most people know the the market in my neighborhood is a little tougher to get into than most when you don't have a significant amount of cash laying around to invest. 

Possibly Westerly AreaWe are looking to hopefully be able to use conventional financing if the deal allows, which I think is a good place to start learning given I have already been through that process with my primary residence.

@Lydia Bolling most of the hard work can be done anywhere you have an internet connection so your lunch hour and after the kids go to bed are perfect times to do research, if you don't have enough time maybe the solution is to narrow the search so that you have less properties to sift through

First, your goals should never include a number of properties...those are the wrong numbers to focus on.Second, holding the property appears to not be a profitable solution. 

My fiancée and I are looking to buy our first place maybe next year, I was hoping that I would be able to put 5 - 10% down and still get first time home buyer (cmhc site specifies primary residence, not investment properties).

Was the seller living in it as a primary residence and decided to rezone it prior to putting it on the market? 

My primary source of income at the moment is from a non-real estate related business in PA, and I’m a resident of NJ.

There are plenty of loan products for owner occupants out there, even for properties that require rehab, that a credit worthy borrower shouldn’t have to use HM to finance their personal residence.

.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelery, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report)It is not your credit score but generally better credit will result in a better score- Time at your job- Education level- time at current residence Good Luck

@Christopher WestUsually there is a minimum loan amount, not sure about a VA loan but I've heard 50k is around the smallest loan you can typically get on a residence.