Partner Driven financed the S Homan Ave deal by utilizing its own capital, covering the $120,000 purchase price and the $1,111.97 renovation costs.

Make sure your lease states that the landlord retains the garage (on this shared property) for his own personal use, comes and goes as he pleases.

However if you only invest it in training, then at the end you have lost $50,000 and still don't own anything.There are a lot less inexpensive ways to learn about real estate in my opinion.Don't fall for any high pressure techniques from any guru.....the typical scenario is to go to a free 2-3 hour training session. 

Same could be true for every attorney in every state. 

Fannie Mae’s 5% MF loans seem perfect for this even though I’d have to prepare a higher down.NJ State down payment assistance and a NJHMFA mortgage loan.This is enticing due to the $15k down payment assistance and additional $7k first generation program.

In my state, owning an LLC is quite expensive (800/year), so the risk/reward calculation is a little more skewed, but still generally makes sense for larger MFR deals.The debate really heats up if you're talking about residential class (1-4 units) as there are material advantages to owning under your personal name.

With each of those, the institution may pose their own overlays to FHA guidelines.

@Kevin C. owns a couple here in Anchorage.

Other states you can look into are Indiana and Michigan. 

Quote from @Ryan Grise: Check your state law to see if there are specific requirements.