If I could turn this house into an str then that would really help me with lenders in the future as well.We might be able to qualify without a rental but it will be close.

I think (emphasis on think) I have found a deal for me but here is my situation: I am a recent college grad with no 2 year income (just yet) and I came across this property inHamilton, NJ, in which i need between 100k - 144k after all costs (rehab, closing, 20% down payment) I do not have this money as a 22 year old, so I naturally wanted to get an FHA loan but the problem is, its a quadplex that has all units occupied, so i cant really live here because there would be no space, unless there is a way around this.

Closing costs?

We offered cash and closed in 20 days.

In TF the wholesaler will actually close on the purchase and immediately resell for a higher price.  

Your lucky to have such a close family looking out for one another! 

Lake City is a rural area where families will purchase a piece of land then put several mobile homes on it so they can be close together.

Hello,I am in the midst of a mortgage refinance and I am done with initial formalities, signing the initial disclosures and providing the documentation and so far happy with the terms and It can take 30-40 days to close from today.

If you have a “large” gain (say over $100k after selling costs) and don’t want to do a 1031 exchange you should not close on the sale until December 2024 to make the profit tax free.

The leasing broker has to work a crap ton for their fee to get them to your site over others.If you decide all you can get is a higher risk small to no credit tenant then you may want to only start paying the fee once open and first months rent received on time and have a clause if the tenant goes bankrupt or closes the fee is no longer owed to leasing broker.