With a written agreement to leave the Underwriter will then allow you to buy as a primary residence with a low down payment.

Anything more than that can be done "commercially" either through a local bank/credit union or a DSCR type of loan. 

Run Background / Credit checks3.

You live in one of the biggest REI areas of the country, so smart to take advantage, especially now that they opened up 3 and 4 unit multis to owner occupant low downpayment options.I looked at a great 4 -plex available in Gladstone for $365, will probably go for $385.great deal. good condition. $800 per 2 bed /1 bath unit. quick mortgage calculator puts zero% down monthly payment at $3500, plus then offset with $2400 puts you on the hook for $1100. 

Wow Henry, I love that approach.I am just about to get my son on my credit card to start building him a credit score, but the idea of sending your sons to buy stuff and letting them learn life lessons is inspiring! 

Here are some considerations:Pros of Using a Hard Money Lender:Speed: Compared to standard lenders, hard money lenders can provide quicker approval and financing processes, which lets you take advantage of time-sensitive possibilities.Flexibility: It may be simpler to obtain financing if HMLs are more accommodating when it comes to credit history and property condition standards.Access to Funds: You may take advantage of more investment opportunities by having quicker access to the equity in your property.Experience: For first-time investors in particular, certain hard money lenders offer invaluable experience and advice that can be helpful in navigating the fix and flip process.Cons of Using a Hard Money Lender:Greater Costs: Hard money loans might have interest rates and other costs that are greater than those associated with standard financing sources, which raises the project's total cost.Term Length: HMLs normally provide loan durations that are shorter, usually lasting between six months and a few years.

All major stores like Costco, Walmart, Kroger, Dollar General, Dollar Tree, Lowe's, Home Depot, and Aldi are in a 2 to 3-mile radius.

I am a new investor and I want to buy a six unit property in Atlantic City the property is being sold at $475k I’m offering $450k 5 units are rented and one is vacant and it needs work I leave in the area and I own a home remodeling business so I can do the work myself for very low cost.

Your total tax % on long term capital gain income is very unlikely to be as low as 15% -- but it's still almost certainly lower than ordinary income.   ** Christie makes a good and important point that just paying the tax up front will give you greater flexibility in terms of reinvestment options. 

The bar is pretty low for most real estate agents.