Hi Doug, How much of a loan are you looking for in a third position? 

If there is a credit, then that will be handled in escrow.Yes, make sure that you try and use all the money from the sale of the first home and if there was a loan on the property it also needs to be replaced on the up leg. 

I was wondering if anyone could provide a recommendation for a reputable property management company in Northern NJ that handles small multifamily? 

Have you used your owner occupant loan on a house yet, and if not I would try to find somewhere to house hack.

Bank loan How did you add value to the deal?

You inspect, you may need to negotiate repairs or price changes based on your findings, the bank appraises it to ensure they can underwrite the loan, then you close.If you find yourself anxiously waiting, you can do what the vast majority of investors never do: educate yourself on how to manage a rental.

This would be a hospice home designed to provide more comfortable living in last few days/weeks of life. 

However, are you including any points for the hard money loan?

There are a few ways to go about structuring the loan for you on favorable terms. 

I'm using an FHA Loan.