. - Most 5+ unit lenders will want the borrower to provide documentable real estate related investment experience.

Feel free to reach out and connect!

A way to account for the additional borrowing (or in this case effectively a cash gift towards down payment) is to attribute an interest rate to the $500k (or even an interest free loan over 30 years).

That is what I have found during my experience (in my markets).

Sorry you are dealing with this, but it'll be a good learning experience and you'll be sharpening your skills. 

Quote from @John Mason: People who say JV is bad do  not know how to structure  it and manage it and the exit strategy..What are your experiences correctly structuring a JV?

They are so focused on upselling youYou know the routine — you’re invited to a free seminar to learn about a new method of real estate investing, and the presenter or guru teases you with tidbits but offers nothing substantial.

To reiterate, Effective [Date], the monthly rent for your unit will be increased from [Old Rent] to [New Rent].To make this easier, we will throw in free high-speed internet as part of the deal moving forward.If you have any questions or concerns regarding this change, please do not hesitate to contact me at [Your Phone Number] or [Your Email Address].

I regret every property I sold 10 years ago (except the ones in the hood, that was a short term experiment I am glad I got out off).Your total net worth contribution is a lot higher than 0.6%, just the paydown of your loan is double digit ROI.

From a single family buying perspective, my only experience has been buying a new home 6 months ago, selling our current home, and talking with people I know.