We have several loans through one bank in particular and I went in to talk to them about obtaining a commercial loan which would have been new for us.

I am a newbie, trying to figure out my options for obtaining money, and was very motivated by this. 

Not necessarily the 2% rule but as a rookie in today's economy that knows the area & would like a place to stay, it would be a start.So my problem is that i would have to obtain a loan for this property (FHA) & wonder why is cash such a motivation vs financing if the seller is going to ultimately receive the same amount of funds?

And do you think this crack may be a potential big problem with obtaining financing through either bank?

I have obtained my first rental and I am on the verge of meeting potential tenants for renting.

However, you will need make sure you obtain a permit from the city or county BEFORE constructing your new building.

The tenants moved out after year 1 so I could obtain owner financing pulling out 80% LTV ($26,663.00 tax free)All because of the online forums and our local BP meetups! 

This home was built in 1907 but I was still able to obtain a home warranty to help offset any new repair costs.

Need to find a lender that can help me obtain HELOC's on my primary in NY and my (2) rentals in SC. 

 “  I don’t have any money and little knowledge and I’m completely new to real estate so I’m going to start by wholesaling properties and then I’ll obtain the capital and knowledge to buy properties myself”.