and by doing so will it effect my credit making it more difficult to get a loan for the investment property?

Without experience, it's very difficult to get 100% financing from a hard money lender, unless the deal is a home run.

I know it may sound easy at first glance but it's very difficult to accomplish and only a small % succeed (like any business).

I have been scanning the MLS, working with wholesalers, and contacting FSBO's everyday to try and find more deals for us, but it has been very difficult, especially with the current market we are in.

., they force coverage on you instead of tailoring the coverages around your unique situation)Only represent one insurance company (no single insurance company can offer the right policy, at the right price for all situations)Their process for getting a quote is difficult and cumbersomeTheir underwriters/inspectors seem to always find a problem with a propertyIf you spot these warning signs, you should search for an insurance agent with these attributes: Have a depth of knowledge gained through years of experience working with real estate investors like yourselfHave a unique consultation process specifically crafted for working with REIsHave access to a minimum of 50 insurance companiesWork with a large independent insurance agency or group (the larger the agency, the more leverage they have with insurance premiums and claim settlements).

Simply because I think it’s very difficult to become the brand name for multifamily owners in 100% of your local market.

Incredibly difficult to work with HomeHQ. 

The cap rate will stay at 12.4% with our cash on cash increasing from 22.6% to 34.7%.

So, calculate the current cap rate based upon the rents you would be getting and then see what your cash on cash return would be with your current loan. 

I have several clients looking for the same thing - and they are more difficult to find - but a good realtor with access to the MLS is what you need on your team.