I am looking for a Financial Advisor or CPA in the Capital Region (Albany, NY) who can lead me down the best path for using my 401k to buy real estate.

You need to meet the right people and figure out how you can be of service to them then follow up and stay in touch in a meaningful way.Here are some ways to find private lenders and raise capital.Friends and family as potential investors and who they might know Networking groups REI meetups and groupsCommunity eventsNon profit organizationsFacebook groupsOther investorsMortgage brokersTitle companies and closing attorneys Property managersGoogle search for local, regional and national PM lenders

Sometimes if you do not have TI dollars you can give the tenant below market rent in exchange for them paying the TI for a certain number of years and then bring closer to market.There is also consideration if it's a mom and pop or regional tenant versus a national there is more risk in getting the TI dollars back eventually.

BUT, VA only requires 120% of residual income based on number of dependents and region you're in to qualify for VA guaranty.

“It happened in one of the most educated, most liberal regions of the country.

Several family members live in the region so we have boots on the ground there as well. 

I think i have a pretty good picture on this question since i work or have worked in half the states in the US.. from the most expensive  Hawaii  CA  etc to the lowest priced Mississippi Alabama and rural PA and Rural Ohio and Indianapolis.. this is just a HIGHLY regional situation.. 

If that doesn’t work then ask to escalate your concerns up the channel, Mgr. and Regional Mgr; etc.  

@Amedeo Conta,Independent mortgage brokers very rarely do stand-alone HELOCs (80/10/10 = example of not stand-alone), so yup it's local/regional depository institution (bank or CU), or big national box brand of same.

They must conduct a full Interior/Exterior URAR “As Is” appraisal.https://entp.hud.gov/idapp/html/apprlook.cfmOnce you provide us with the results of that appraisal, HUD will submit both to the regional Homeownership Center for review and a final determination.