@Ed Ma what is the remaining term of the loan?

Hey @Alex Ferranti, Trust me, you are not struggling; it's just not as easy as it sounds or as gurus portray it online.

I've read a bit about 3.5% FHA loans, and I'm looking forward to taking advantage of that.

If the loan amount is less than 500k, there is a lot less lenders that can do these types of loans compared to 1-4 or 10+ units and rates tends to be higher.

These specific loans allow me to assume/get her off the deed and the loan without a refinance (it's an amazing loan through Mountain America Credit Union) The CG is calculated into the appraised value. 

Then I would get the bank to loan you the down (800k) on a first lien plus another 100k. all in you would owe 1.7 and walk away with 100k cash to get right into it and fix it up.

At least it sits on their credit report and prevents them from scamming another landlord or qualifying for a loan.

The only reason I am hesitating is that the loan officer wanted to run a hard credit pull even to send me a term sheet which was really strange.

It’s a big decision and shouldn’t be taken lightly…because you are right- it’s going to take time, effort and money (by way of loans/debt) to get that MD/DO.

I'm sure there's also a ton of information online or on Youtube about each of these asset classes you could take advantage of.