I also have an extensive sphere of influence with all of my longtime customers, acquaintances, etc, so I will be exploring the more traditional home buyer/seller through those connections and organic marketing as well. 

Nothing that can't be overcome, but REO's will usually take just a little bit longer - maybe 2 or 3 days more than a traditional search & underwrite. 

Both rented and positive cash flow.Subject Property:  Traditional detached SF property in NJPurchase amt 410k10% down (don't have funds to do 20% unfortunately)While I am confident in my mtge guy, for prudent measure I wanted to check w/ the BP community to confirm the following..Freddie:  'My income is too high' (Can certainly give figures, but not sure how to break it down.. 2017 salary + bonus; Rental income, 2018 salary formally approved and documented, but not effective until July; and 2018 bonus (which I have received already)FNMA:  'To get a second FNMA mtge, I need to put down 20%' (which I would like to do, but cannot come up with an extra 41k)FHA:  'My only option' (with the 1.75% upfront PMI and monthly PMI for life of the loan). 

Since I have a full time job I will start with traditional mortgages and use savings from my job as well as cashflow from the rentals to finance future properties with traditional or hard money lenders as my portfolio grows.I'm extremely excited to see where this journey takes me, I look forward to connecting with you all here on the forums and learning as much as I can before jumping in head first!

Meaning the traditional banks won’t give a loan since more than 50% of the complex is rented.

It'll be next to impossible to find a "deal" in the traditional sense using a VA loan.

Over many years of traditional employment, we have acquired several small tax sheltered annuity accounts. 

No traditional lender will finance this on it's own.

Now, this is a part-time job, so I have to chance of getting a traditional loan, but I have a few people in my department that are willing to invest with me on deals if I show them that it is a good one.Here is my question, is there a way that I can take their hard cash and giving them a sort of IOU with a predetermined share of the profits of the sale or cash flow from the purchased property?

Would that be considered an 8 unit and would I be eligible for a commercial loan rather than a traditional mortgage loan?