And the two really don't mix. 

Mix that with incredibly low interest rates, and you have a strong sellers market.  

Appraisals can be such a hit and mix though.

However my new purchase is a mixed use property.

It's already extremely expensive to invest in North Jersey, but I think we can definitely pull a 3rd property in the mix if we refinance this for 80% of appraisal value (somewhere around 300k I'm assuming).

In addition to the above details, I also avoid mixing business with family as much as possible, so I think we have our answer.

Once I was comfortable with the process, I would use a mix of hard money lenders, private money lenders, and the 200k working capital line of credit to purchase around 20 properties over a 12 month period of time For an average price of 50k - 80k and put an average of 10k - 20k in rehab that would increase the values to between 80k and 140k.

I think you may be getting this mixed up with the fiduciary duty for the listing agent to present all offers to the seller (unless the seller has specified that they don’t want to see any offers below a certain amount).

I've spoke to 8 different banks, a mix of national and local lenders.Source of down payment funds, if applicable: N/AIncome Source:Goverment employeeGross monthly income (optional): N/AMonthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: N/AFICO: Low 800sCredit issues: NoneAdditional details: So I went through the Better Mortgage link on the site got some more detailed quotes.

Just another thought to throw in the mix :)