My name is Dan I am 35 and have always lived here in NJ.I work as a scientist for my day job, a marine scientist for National Marine Fisheries.As a government employee the pay isn’t that great so I have always been interested in having a rental property or two to slightly supplement our income and build a strong investment for our future.

We have used the Mysmartmove website to do our applications, and we appreciate this, but it seems necessary do do some additional supplemental information gathering as well.

Are you looking to get into REI to quit your day job, supplement you income or to create a healthy retirement.

I work a full time job in healthcare and have become fascinated by the potential to provide supplemental income, increased net worth and eventually a legacy for my family.

Working on using our REI to supplement our retirement.Good luck.Sara

I need to know how workable is the tactic of using the property's equity to cover the down payment and closing cost as long as it supplements the rest of the funding being obtained?

My advise would be to rent your property at market rent and use the proceeds to supplement the rent of someone you know that needs charity.

I'm not trying to make this a living, just a supplement looking towards future retirement. 

@Chase Shank An supplemental point to that made by Account Closed above.  

I'm hopeing if this works out well it will be a good way to supplement my retirement.I'd like to get into some buy and hold for rentals to start off.