There are always multiple applicants in the span of the weekend and I am tell them in advance I review all applicants and select the most qualified and there are no refunds.  

My friends roof barely qualifies for "damage" in my opinion but I'm not a licensed contractor making bank off insurance claims.  

But that only works if each of you individually can qualify. 

The nicest feature, they don't use your personal income (DTI) to qualify you for their programs to acquire or refi a property. 

Anyone know when the Cares Act stops paying for qualified individuals? 

I've been trying to find creative ways to finance the property so I can act quickly since this property is checking all the boxes I want.One strategy I've been thinking is partnering with a friend who still lives in the town so he could be on the primary borrower on the bank loan and potentially qualify for an FHA loan which would significantly reduce the down payment requirenments.

The qualified intermediary for the 1031 is an add on to the group. 

They qualify you based on how much money the rental property pays you (rental income).If it's your primary home, then either pay off some low-balance credit cards/car loans/other loans to lower your monthly debt--or explore strategies to increase your income (feel free to message me for more info on this).

Obtain a preapproval letter including the maximum loan amount you qualify for based on your income and debt.Multifamily properties have more cashflow potential.

But this being NJ, I'mYou've got to take the time to do your research and find a well-qualified attorney experienced in evictions.