You'll be capped at a 2% of the purchase price max credit that has to get applied to closing costs. 

To do so, I would apply for an equity loan, cash-out refi, or HELOC first and then apply for a loan to purchase the second home. 

The one thing is an amazing book, along with "Rich Dad Poor Dad", "The 10x Rule" and "The Millionaire Fastlane"!

Seems logical to apply for the biggest loan first, correct?

I hits the nail on the head, and in my opinion applies not only to banks but other businesses as well. 

But I need to figure out a way to make myself interesting to the experienced partner.talk your custodian you want to make sure you don't violate some of the sidra rules about directly working on the investments  just something to consider in the NPN space.. which is all about work.. 

There is no hard and fast rule and the grading is somewhat subjective, but most people agree with the general definition of why a property may fall into a certain category.

From what I've read a rule of thumb is that for every $100,000 of the price of a home the PMI is $100.

I applied for a HELOC from the same bank that holds my mortgage on my primary residence.

I would love to get a mortgage to purchase the house in order to apply the BRRR strategy, but not sure if I will able to get a mortgage for it.