Now I know what I'm negotiating on with the banks/credit unions I have lined up.One note of interest to me: I called Capital One and they have a recourse loan that doesn't require any cash reserves, I even asked the question a second time to make sure I heard that correctly.

Never charge the resident more per gallon that you are being charged.

My goal is to make my first investment, ideally in a 3/4-plex in the Hudson County area, although I am also open to a Duplex as well if the deal is right, and I'm looking to be able to connect with like minded individuals in the following areas:- Agent - someone who wouldn't mind working with a new investor, and has experience/knowledge working in the Hudson County area (which is where I currently reside - I'm in West New York to be specific)- Bank - I would love to be able to work with a community bank/credit union, as I prefer to be able to give back to the small businesses within the community rather than fill the pockets of the big banks.  

Because of privacy laws the county would not even acknowledge that the office resided there, and the State Vital Statistics office would not give out a copy of the death certificate without a court order, also to comply with privacy laws. 

Look for an apartment building that needs a resident manager.

Also, saying that you need to get the concrete done anyway and don't have that kind of cash on hand leads me to believe you might want to think about getting some stronger cash reserves or your own lines of financing before proceeding; I've got credit cards with credit limits double that, where I could self-finance those kinds of repairs if necessary, but that's not a big enough hit that I'd have to worry about taking out loans on paid-for houses. 

I know my commercial bank would never do a one off small resi deal like that.but I know you have to start the relationship somewhere..

I am not sure if @Edward B. is saying that if you have a homeowner or tenant policy at your primary residence it will also cover your rental's liability; that would be incorrect. 

We are starting a small direct mail campaign in our neighborhood, within 5 miles from our primary residence.

He's the resident expert on all things 1031.