You could use that cash flow to supplement your pay down of the multi-fam (since the mortgage will be higher if you put a smaller down payment) but this strategy is a better way of leveraging the bank's money and not your own, and move you down the path of higher net worth, owning more investment properties, sooner, rather than later.I recently purchased 3 positive cash flow producing turnkey properties in much less expensive markets.

I'm hoping this is the start of a good thing that will help supplement my income and generate more savings to purchase my first rental property in Spring of 2014!

I imagine that's a lot of work, but I think we have similar missions with real estate investment as supplemental to long term goals/needs (i.e. retirement, kids' college).

@Nicole Williamson - in my personal priority order...1) supplement LLC emergency fund if needed2) Use toward any planned upgrades3) Pay down debtThat's where we are now.

We have result driven mineral plant based supplement protocols alleviating chronic disease.Now, with my successes I am looking to enter into the real estate market to grow my investments...and I have a lot to learn.

We do alot of insurance work, the adjusters usually miss alot and rely on the GCs as you know, so we submit alot of supplements.

And maybe 5 years down the road you'll be able to sell with profit and move your funds into a nicer area.I personally have all my properties in a low-income neighborhood and it allows me to be semi-retired - meaning that I don't have to have a job and can do some things on the side to supplement my income.

My goal is supplement my job with extra income.

I want to supplement my family's current investments with real estate.

Most of my work related experience (outside of the Army) has been in sales, but I'm looking to make a lateral move into something that supplements my real estate endeavors.