It did cross my mind that I could use half or a little less of my current money in order to buy an apartment to help my long term goal and use whats left to continue to rehab and build my capital back up again, but I guess what bothered me is the fact that so much of my money is going to be tied up.

You could always make a bigger down payment but that ties up your cash.I am sure other more experienced investors will chime in..

They are quite stringent with commercial and investment property loans.If I can find a lender than will require less than 20% down I want to take this to the next step by getting a building inspection and making an offer if the inspection is good.I can make the 20% down but don't want to tie up that much if I don't have to so I have some mad money for improvements/repairs.Is there a lender that anyone can suggest?

Professional bachelor so I am not tied to familial constraints.

I want to tie up the loose ends I am not quite clear on with 'subject to' deals and start marketing for those.

I don't see banks willing to tie up their money at around 5% for 30 years.@ Will, you say that if the market drops another 25% over next year, it will impact you around 6% because you are out in 90 days.

They won't come back with an interest rate change from 5% to 5.75%, that is tied into other disclosures, like the APR and loan disclosure and would not just be an honest mistake.Don't worry about it, it is common in Mo. and secondary market notes.

Winston, since you can directly tie the expense to your personal side, this cost is added to the cost basis of your personal residence.

In Texas we use the Purchase Contract to tie up the property from the seller then use an Assignment to assign it to the buyer, right?

While it isn't a great use of cash to have it all tied up like you do.