So I mostly agree with @Adam Johnson but personally I would get the 4 FNMA loans first, then 'shop' for a lender... if that's what you want to do.

I've made an analysis spreadsheet based on some I found on the site, and I've been running numbers on several properties in the area to break it in.I'm going to go out looking at some houses this weekend to get a better idea on reno costs estimates.I know I still have a lot to learn, but I am a believer in learning through experience so before too long I will be seriously shopping the market.I look forward to continuing my new nightly routine; Podcast on the way home from work, dinner, and 3 hours on BP!

NOTE: this takes self control, do NOT go to vegas or shopping with the cash!

You have to keep the business fresh and make it pop or sales start sliding from the dated look as competitors open up shop.

Do your own shopping around for title company/closing agent, and ask for their best rates on title search and closing cost, you can potentially save another $100-200.You have zero chance of getting a down payment less than 25% on a *conventional* loan, unless you're financing a FNMA REO through the Homepath program.Because you do not have two years of LL experience, you will get no credit for rental income on this property, or any other rentals you have previously financed.

When the seller (each time it was a bank REO) accepted my offer verbally through the agent or asset manager, I would quickly form the trust for a few hundred dollars in cost and during this process, I would shop the deal to my all cash buyers list.

I would also like to open low cost automotive education centers for the public because the auto shops in public schools have vanished from their classes.

We got second hand corian and installed it in the kitchen and furniture from consignment shops when we go furnished. we go with area rugs on hardwood.

That's why they turned you down.You might be better off selling the rental (which doesn't have great numbers anyway; $2000 rent on something that you are all-in to at $250k is not a good rental return at all) and using the money for you flips.Otherwise, you are going to have to shop around for a bank that will allow you to use the rental income.  

Hi Bill, perhaps try Real Estate Express; I don't know if they have anything for exam prep alone as they are more of a one-stop shop I believe, but maybe there'll be something there for you.