And I am pretty familiar with the fact that commercial lenders have different guidelines, even though I have never crossed the line from residential to commercial yet.Thanks for the clarification on the defintion of a "portfolio loan."

The BiggerPockets blog post on HouseHacking states that:A loan on $150,000 (Cause you don’t pay full price, and then you put down something for a down payment), at 4% for 30 years is about $700 per month, which means ...

Regarding a few things to consider, can you provide clarifications of the following?

It shouldn’t take more a couple of weeks or so to get your money refunded.BTW, a couple of clarifications...There is no 10 day redemption period, there is no redemption period.  

@Crystal Smith Thanks for the clarification.

I was reading a post on BP about market trends which includes a financial forecast from Berkadia and I included the link below. My question is about Effective Rent. Are they calculating it before or after debt service...

I'm looking for clarification on a question from the Washington State Real Estate Course, if anybody is willing to weigh in.

I aspire to attain a point where I have enough passive income, along with my day job, to live comfortably without worrying about eating, taking a trip, or pursuing hobbies.Look forward to tackling this challenge.- Mike B

And if I fail at a attaining this I do plan on purchasing my first home via fha or a bank loan from chase mortgage which I will be making my first rental property after living in it for a year or so. 

As you will read in my comment it has opened my eyes and mind to a few clarification with finding mentors and prioritizing my goals.