Make sure you have cash reserves for 6 months , steady w2 job if things go south and do not plan unnecessary big ticket items until you stabilizeI have known people start with 40 k and used it to fund flips and work their way up and get Business Line Of Credit for 200 K in 2 years and after that of course it is very easy

In round numbers, I bought a property for a little under 300k a few years ago. 60k down payment, 240k financed.

(No)Bad choices here and hopefully you get away with it this time...next time be smarter and take care of your property first.

I just counted 23 support tickets I have open right now 😑 Avoid guesty all costs.   

Gap lending can be done as an equity partner but to lending in second position for an interest rate is basically RE  Russian roulette and the pistol has 5 live rounds instead of just one..

@Freddy Castillo, like @Austin Cheatham said a partial exchange might be the ticket. 

If this was your first year getting a 1099, then there might be a small chance that you could get away with just this year's 1099.....HOWEVER, since you have been 1099'd for 2 years now, then the mortgage lender may request tax returns before extending a mortgage. 

,I have tenant who is troubling for weeks. He created lot of issues saying mold in the property recently. PM gave him 60 days notice to vacate few weeks back. I am waiting for those 60 days to complete as soon as poss...

For round numbers, I take out $100,000 and pay interest of $5500 per year and earn $25,000 per year. 

You can get away with 10-15% down through hedge fund financing.