I have been asked to do the reverse but didn't because it did not make financial sense.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcastBiggerPocketsPodCastWholesaling101 You Tube ChannelKent Clothier - Memphis Invest channel

There are local banks that may be able to do a cross collateral loan which is one larger loan that liens all your rentals together.However very specific advice on your scenario can vary depending on your unique scenario, financial statement, credit, and etc

I've been thinking of attending an upcoming meet and greet for financial fitness to present concerns and such held in my area by the State Rep in a few weeks.

There is a lot of potential in my area that I would like to discuss with other investors that are more advanced financially and experience-wise.

What might be insured is between the insurance carrier and the lender.Considerations are vast, the local economy, the project, management, financials, timing of the project to completion, basically all areas that a lender will consider.As to sub-prime, never heard of it, as coverage is generally afforded to strong borrowers, developers that are entering a project at a higher LTV initially and the LTV is reduced as a project comes to completion, the initial risk.Apartments or properties held long term can be insured but again usually to cover the LTV risk, that is risk enough and to add sub-prime credit, management, or low debt coverage issues really isn't an insurable risk.

If not you should consider letting it go as soon as financially feasible.

In most cases, you must meet the qualifications of the government agency in order to assume the loan from the mortgagee.Conventional loans usually prohibit assumptions; however, a bank may be willing to allow you to assume a mortgage if the current owner is in a financial bind that jeopardizes the payback of the note.Also - if you plan of selling for 170k you are going to end up losing money in the end.

Also you'll want to get an idea of the financial stability of him and his business.

It will increase your financial IQ dramatically and give you a good foundation on why some are rich and most are not.Play to the kings.