I come in and do a wire for the amount I need after signing a form.I would ask about the repayment terms.

AFFIDAVIT OF OCCUPANCYApplicant(s) hereby certify and acknowledge that, upon taking title to the real property described above, their occupancy status will be as follows:Primary Residence - Applicant(s)shall occupy, establish, and use the Property as Applicant(s) principal residence within 60 days after closing and shall continue to occupy the Property as Applicant(s) principal residence for at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower’s control.That should clear some things up, good luck.

So... the search continues....

I know it's a hot market...how long will it continue?

BTW, that crash course was worth more than any book or seminar you could go to, so be glad you've got it out of the way and continue to build on it!

I don't know of any lenders who will give a pre-approval without getting the items you mention.I would require a pre-approval letter with all offers and would stipulate that you will continue marketing the property and accepting backup offers until closing.Eric

We would be equal stakeholders and I seem more committed than him so I think an LLC would be a good idea in the event that one of decides we no longer want to continue.

It's usually easier to continue in a formal business education in RE aspects than to enter an association course.

Once I had achieved my financial freedom I would continue to pursue my education by studying the subjects my interests lead me too.

(documented and continuous work history in order to qualify)FHA is only for 1 to 4 unit structures.With FHA you will have an upfront mortgage insurance premium (UFMIP) and then monthly mortgage insurance after that as well.