I have equity in my primary residence and have been studying up on biggerpockets.I am working on 2 BRRRRs at the moment.I know everyone approaches this differently.... but how would YOU achieve financial freedom if you were to start over again with a 250k loan?

So I don't have the complexity of paying of existing mortgage.Thanks,AnimeshIf it was anyone else, I'd say hold the note yourself and become the bank since it's paid off...However, since it's friends/acquaintances, and the last thing you want to do is take them to court (for note gone bad), you'd probably want to approach a RE attorney and a title company (is my guess...)Haven't dealt with it myself but I'm sure others will chime in with more specifics.

It's not uncommon to see 3 or 4 individuals bunk up and share a house to save money, most of the time I will encourage it to someone who is afraid to live on their own.The Biggest Challenge?

Not have the 180 days or any of the 1031 change challenges it has. 

How did you approach them and what did you present to potential lenders?

I like REM (Rod Kheliff) and the approach they take in including their investors so I recently made an investment into their latest Dayton Ohio deal.

You should have a documented list of what you charge for typical expenses such as general cleaning should you ever get challenged on withheld fees.Ensure the one that is moving out of a room clean that room to your satisfaction.Did the one that left break her lease?

After years in the business, some can afford to take a more consultative approach.

The loan approach is maxed out at $50k I understand. 

I’m looking for a 2 family home, budget is 350-375k max, and in my area (Hudson, Bergen, Union and Passaic counties in NJ) that has been quite the challenge.