You must submit a written request stating the waiver you are applying for along with ORIGINAL proof of course completion, a detailed outline listing topics and hours, and a course description.

Same applies to the eviction laws.  

It only applies to 3- and 4-unit properties (not SFRs or duplex) bought using FHA financing.

If that's the case, the entire amount paid before exercising the option could be applied toward the purchase, which would obviously be a great deal if your alternative was a hard money loan or other high interest rate loan.

i am sure it does not apply to ny, long island, and northern nj either

I have a natural draw towards the "flipping" sector, as my background tends to lead me in that direction, but at this point only consider this as a secondary form of investment, wanting to invest the majority of my time and money into buy and hold properties.My short-term goal would be to flip a few homes to help develop substantial capital to purchase my first multifamily property (triplex/quadplex), in which I would like to live/rent/self manage.

Yeah, until recently when I kind of heard about hard money lending I naturally thought very negative about it.

While his post was a HUGE help I still have a few questions.So here is where I stand: 1) I'm going to apply SHST to property #2.

Can you negotiate a credit that can be applied to your down payment?

Does anyone know how the usury laws apply to private lending across states?