Thanks Ben Leybovich.The down came to 19860, after some prorating. so out of 125000 purchase the down percentage was 15.8%But I love the challenge of finding one better than this for my next deal!

My favorite part is when they start going through the house and just automatically start tallying up all the upgrades at face value to their bottomline...Its so realistic to just assume you will be able to ask (and get) more for your home (despite the comps) just because of some travertine floors and bullnose sheetrock...What a joke...

Thats the problem I'm facing. the family mortgage broker flat said she doesn't and wont do VA mortgages... something not being licensed to do-so.How do I look up a broker in my area thats reliable?

If anyone tells you they have never made mistakes or had challenges to overcome they are lying.

As it seems clear you will be using financing your short time frame to move into an apartment building via 1031 exchange seems aggressive Trading in depreciated assets can be a challenging task, I am sure you can find much more information on 1031's within the site.

What are the challenges a.k.a opportunities for innovative solutions, that you've found thus far in the NJ territory?

I've been looking forward to this for a long time, and while I'm stoked to be in the career of my dreams, I'm definitely aware of the uphill climb I'm faced with as a young novice.

Charging usurus rates and high fees bridges more on criminality, as I said, there are some who should not borrow money just for the sake of doing a project, especially when, if it is a viable project, it can be accomplished through other means like partnerships, buy-sell and repurchase agreements and management arrangements.I'm sure I'll be blasted, I can hear it now, the HML serves the public, serves those who would otherwise be out of business, assessing risks to the most minute detail (LOL) and since they have money, must be some of the smartest people walking the face of the earth and kindest even giving people a chance to succeed, ......yah right!

I've bought a couple dozen, but it is just like buying on the courthouse steps, along with all of the challenges and all of the same risks.

And track down the old and new PM and talk face to face.