@Michael Plante had a good suggestion but I put that on my accountant to figure it out. 

I figured an FHA loan would be best. 

I'm sitting down with a couple experienced real estate friends next week who are going to help me figure that out.

I'm moving to NJ in a few months and I'm debating if I should buy a multi family now and figure it out as I go or wait and learn the market.

the banks are simply cross selling their  products   figuring the more connections they have with you - the longer you will be a customer ...often they will offer an incentive  like a slightly lower rate  or removal of a loan fee  in order to  entice you to open up an account ….. don't overthink this  option …..all the best

I could not figure out how to turn them right side up. 

Then figure in having to update units every 5-7 years with new carpet, paint, etc. 

I'm trying to figure out if there are legal ramifications for this type of thing and if so how does one go about pursuing it?

Lots of these markets are mentioned often on BP so I figured I’d post it.https://www.glassdoor.com/List/Best-Cities-for-Jobs-LST_KQ0,20.htmThe markets I invest in (Cleveland and Memphis) as well as where I live (Raleigh) all make the top ten which I found interesting.

If that is correct, the next question: how do we figure when that arrear/fee balance will be paid off.