I did ask what in it for them to which they answered we currently have a high loan and they wanted o lower it, if qualified, to a lower risk loan.

So now the tables have turned and it will be me losing my house and trying to qualify for apartments.  

Only an option to a real qualified buyer can be an exit and usually it's not a quick exit.Stay tuned here as to your questions, there is no telling what you will hear at investor meetings!

Many banks will use a portion of your rental income as a way to qualify you if that is where you derive the majority of your income. 

But if you are able to qualify for most of the financing, this is a great way to get started, in my opinion!

After owning the property for 6+ months, then you can normally refinance the property at a better interest rate. 3) If you are a first time home buyer, then you should qualify for an FHA loan that only requires a 3.5% down payment.

s other post on the subject when you pinged me.I don't know this for a fact, but I'd presume that the security deposit funds could remain deposited with the qualified intermediary that's facilitating the 1031.

Your post above simply reinforces again the misleading conversation I had on the phone.What really disturbed me and cemented my decision was the post by @Eric Tinsley on this thread. https://www.biggerpockets.com/forums/92/topics/203379-do-hard-moneyFor ANYONE to take a $2000 deposit (I thought I was told $2500), and then tell the client the property they already submitted doesn't qualify is beyond absurd.

My suggestions for what it is worth to all investors and bank owned property owners seeking qualified contractors?

See Brandon Turner's book on Buying RE with Low or No Money Down.You also need decent income and credit to qualify for financing.