I am positive I already know the answer, but please share if there's a way.

I know everyone starts out under different circumstances and compared to a lot of success stories I'm in a great position to start off.

If you are including the cost of financing in your cash flow (sounds like you are), be sure at least that you aren't including principal payments as an expense since these go straight to equity.  

And, if you don't like buy & hold (whether self managing or using a professional manager), you've got a good bit of equity in the property so you know you can sell it for more than what you owe.I don't see what you've got to lose on this deal.  

I am a mechanical engineer by trade but currently hold a project manager position for small to medium capital projects.

Hello all,I currently work in an escalated position alongside New Jersey and the Clean Energy industry. 

We are not in a position to qualify for a conventional loan of this size, but have a solid exit strategy here. 

My question, in its purist form, what am I missing from these two scenarios:Scenario 1Sell current home - Buy new homeSell current home realistically for 335k with 10-15k in closing costs = 320k320k-55k mortgage-48k home equity line = 217,000 at closing.Put 100k (25%) down on new home.

Curious to hear about experiences with this loan product, positive or negative.

If you come across any good deals and are interested in an equity partner, please keep me in mind.