The terms of mortgage financing are the following:Type of financing: F_H_A__________________________ Loan Amount:$_2_4_0_,_56_2_________________________________ Term in years: 30_____________________________ Maximum loan to value ratio:_9_6_.5_%________________________Final date for receipt of mortgage commitment, including the appraisal, if required by lender (the “Commitment Date”):(b) Buyer will make written application in a manner consistent with that provided for above within calendar days of the effective date of this Agreement, and shall use their best efforts and diligently pursue such financing and promptly file any supplemental information, papers and/or other material that may be requested or required from time to time by the lender.

We’re experimenting with this as a way to supplement income on some of our upscale airbnbs.

This helps when vetting properties and making sure you can hit your ARV goals.Additionally, you can supplement your income in the REI field if you run stagnant on properties.Often times though, you get the most experience in investing by simply just investing.

I have no need for this immediate cash flow--this is to set me up to own cash flowing properties in 10 years that will allow me to either supplement my current income or choose to walk away from my job altogether.  

I would look online and then supplement your knowledge with specific questions here on BP.  

If you're looking to supplement/replace your income, this strategy obviously won't work.

I've got a list of the expenses the owner pays vs the tenants (and will verify during due diligence) so that's also all in the expense calculation and unless he's not truthful we're covered there.I do like assuming a discounted NOI for the first few years too to create a buffer for the bad things happening.I'm going to try to put down as little as realistically possible aiming for about 10% so maybe a 75/15/10 with the seller carrying 15% and I'm getting a couple quotes for the commercial loan this week, one from my latest broker and another from a community bank that I've dealt with once before.Hope that all makes sense.Agreed, @David Lichtenstadter and @Watson Smith, I don't want to do this deal at $0 cash flow because it's too thin and risky and I'm looking for a deal that will cash flow (to supplement my existing properties that are structured as long-term holds).

As such you need to evaluate your risk threshold and the income/equity you should protect and see if you need to supplement with asset protection strategies (entities, trusts, LLC, etc).LLC is used for liability protection - insurance against litigation. 

I don’t consider future appreciation much my reason for buying rental properties is to supplement my retirement income, so that means it has to cashflow generously which means the 1% rule or better. 

I currently have a one rental property in the Bay Area and I am looking for other ways to supplement my salary from my full time job.