Buyer found it but did not have down-payment for the same and also would not qualify for conventional financing so i put this deal together.

@Alexis Bertoldo If FIRE is your goal I like the strategy of getting a house hack of a 2-4 unit using either an FHA loan or the 5% down conventional loan. 

@William Rushton echoing what most here have said.For any primary residence loan (Conventional, FHA, or VA), you need to have the ability to occupy 1 of the units within 60 days of closing. 

Double digit rates and points. 

Looking for value add opportunities is a good play to build equity into the property so that you can refinance into a conventional loan once you hit the LTV requirements.

In your situation, I'd sure be tempted to try both above avenues before going the conventional seller's route.

lol)2) We would love to network with folks both within NJ and out of state as there is so many golden nuggets listening to other people's RE experience (also if our newbie experience allows us, also help where we can lol)3) We both work W-2 jobs within financial services focusing on digital transformations (to be synergistic with our goals, we also got our RE license this year!)

@Brandon Plombon how does one find an independent agent, and will the insurance I choose be based off whether I purchased the property through a FHA loan opposed to as a conventional ?

We put 10% down and took out a conventional 30 year loan.How did you add value to the deal?

Some numbers for the house:PP: $165K10% down + closing costs: $22K (Conventional mortgage for the remaining $148K)Rehab estimate: $30KARV: $220-$230KMortgage/Taxes/Interest: $1K Rent estimate (3BD/2BA): $2,100Some of our mistakes and obstacles along the way:Our handyman was truly terrible.