I appreciate that it is sponsored by a major trade show and not in the back room of the local Econo Lodge.

Also having a skilled trade helps out tremendously.

They try to compensate by inflating which as a buyer you almost never accept that trade off.

However, prior to funding on the second loan, they will re-pull your credit and look for new trade lines which might show the new first closing loan.Provided you qualify for each loan on your own merit and can support the debt service in both cases, there really is not a reason to avoid disclosing.

The lawyer I'm referring to gives presentations every month to the NWREI association and I was made aware of his firm through a REI trade show.

David Weiss - I am a Software Engineer by trade, but have had a bunch of different roles around Engineering and Customer support over my time with my company.

Welcome Mike always nice to meet another Western New Yorker wanting to learn the trade!

To purchase rentals you might consider selling your current place to have a large down on some kind of plex with owner financing.You might find someone wanting to trade down into houses while liquidating apts.

Unfortunately in our area the market is very hot on multifamily, in nice areas multifamily is trading at the highest valuation in history which makes it very difficult to buy and hold for cashflow. 

The prices are ridiculously inflated due to over regulation, frivolous lawsuits, artificial demand due to government handouts, etc, etc......Most people in America have been unknowingly trading pay increases in order to retain their beloved health benefits for the past couple decades.