Also, ensure you are working with someone who knows the Columbus Market well, it will help you on picking the right property the first time and ensure a quicker turn around on the resale! 

If you get the place appraised before the renovation as part of your initial loan, they have some bias toward the value of the place. 3) You get to refinance quicker.

I looked at loaning money on private yacht's one time but that was the same thing what if they don't pay me  how do I find the thing.also as you amass a larger portfolio your cash flow goes up and you can use that cash to pay cash for a new property quickly or put big down and pay it quicker.. its the same principal with people that we sell performing 1st trust deeds to .. they start with an amount an the next thing you know they have enough money for another one in a year then another in 6 months.. and it keeps rolling up on them.

I am hoping to do this in one of the outer boroughs of NYC (hopefully) If not in NJ as we both work in midtown and the commute would probably be quicker than what it is now.Once we (husband, 2YO daughter, and I) are successfully house hacking we will be able to save a pretty good amount of our combined income every month and that way we will save another 20% down payment for a second home.

I always like to list slightly below market rent to get it rented quicker but that's just me.

It'll be a quicker and cleaner closing.

But might his success come even quicker with someone showing him the way.

I would recommend not even do a single-family but work in patience and look for a multi- rental property, because it will go a long way and boost your status alot quicker if done correct. 5.

Their numbers seemed comparable to PenFed (who I heard great things about) but they had the ability to close 2-4 weeks quicker.

With the pre-approved template we received our approval much quicker.