I’m in the process of purchasing my first investment property at the point to start discussing mortgage points.Mortgage points reduce my monthly payment.

@Ondrej Brown  the advantages of an FHA 203k loan is the lower interest rate, lower fees, lower down payment and the bank will reduce the chances you get ripped off by the General contractor. 

This also allows me to plan on ways to reduce my tax exposure.

First, we want access to the cash, but we don't have an immediate need for it yet so we're not interested in significantly increasing a mortgage payments and reducing our cashflow just to pull out some equity. 

I would love to shadow a wholesaler in NJ and help with making phone calls, house visits, etc. for free!

If possible, I'll like to shadow you on a deal or two just to see how you come about deriving your numbers for offering price, ARV, etc.

Please note that the account into which the funds are deposited must be the same type of account from which the funds were first withdrawn (e.g. withdrawal of pre-tax funds from a 401k could be deposited in a pre-tax IRA but not a Roth IRA - "like to like").Loans:Payments on a 401k loan taken under the CARES Act must be paid back starting in 2021 over a 5 year term.Here are the details regarding the loans:NEW LOANS:The CARES Act which was enacted to provide relief to individuals impacted by COVID-19 allows for increased 401k loans and more flexibility for repayment of these loans.Specifically, you must be an individual who meets one of the following conditions to demonstrate that you have been impacted by the crisis (and it will be your responsibility to retain documents in your files that demonstrates that you are a qualified individual):Individual who is diagnosed with COVID-19, with a CDC-approved test;Individual whose spouse or dependent is diagnosed with COVID-19, with a CDC-approved test; ORIndividual who experiences adverse financial consequences as a result of being quarantined, furloughed, laid off, having work hours reduced, being unable to work due to lack of child care due to COVID-19, closing or reducing hours of a business owned or operated by the individual due to COVID-19; or other factors as determined by the Treasury Secretary.On or before September 23, 2020, such individuals take a 401k participant loan subject to the following terms:Maximum Amount of the Loan: 100% of their 401k balance not to exceed $100,000.

My strategy is buying new to reduce maintenance and hope to cash flow and appreciate.

We purchased this deal from a wholesaler who had already reduced the price a few times.

The other option is to reduce the projected repair cost as much as possible, and focus on increasing the ARV as much as possible.