You need to shop around and start a relationship with a lender.

Basically looking to forge a nice working relationship in this market with a reputable and reliable person in the industry. 

Rick Scott signed a bill that goes into effect in a month and a half that changes the states definition of telephone sale to include voicemail transmission, closing up the loophole RVM thrives within in that state. 

This is a bit off topic but since I live in Kona I figured I could help clear the air (I couldn't resist) on the recent eruption's effects so far on Kona.

Don't get too immersed into one track (aka 'stuck' here) and you may want to consider not framing things like this: "I asked him if he would be interested in assigning me a contract as a newbie investor and he said yes".There may be a legitimate value-add provided yet you need to go into a relationship knowing what you are seeking and knowing what the other person is able to deliver.

As such, and given that I'm not from the area, it is critical for my success to establish trustworthy professional relationships with 'locals' that are very familiar with the area.

Your non renew notice will need to be given before the 1st of the month to be effective for the end of June. 

Many investors purchase in their name for the financing ease and then shield everything under an umbrella, which can be a very cost effective way to create asset protection.

My challenge is that I have a relationship with a Realtor who knows the area and specializes in new home sales. 

I rather pay a hard month lender and build that relationship to borrow over and over again then borrow against your 401k.