I'm open to getting a loan to supplement any extra income I may need.

@Adam TafelAs a Loan Officer Anyone who is in the process or was considering a ReFi or new Purchase I suggest you continue to make timely payments .Any new lender will run a supplemental credit pull which will have the most current history from your mortgage company .

Also, if you have other sources, like a 401k loan, to supplement the cost, you can make this work, as long as you can cover your mortgage payment with the rent, I would keep it.

I think the big question for me, is your ROI enough to supplement what you would have in the 401k at retirement time?

I also demonstrated how we could have money available from our investments to supplement our retirement savings and have excess money for travel, she then got even more excited (these were hot spots for her, as her parents both retired with no savings and she never traveled as a child).  

I want to supplement an income learning how to invest until it can become the income.

The whole reason of incurring the extra $300k in debt is to provide cash flow to supplement that $50k/yr.

Over the last 4 years I have supplemented my income by buying and remodeling 8 run down homes and selling them.

If you believe in software-generated graphs showing you "before and after" - then I have a warehouse full of weight loss supplements and anti-aging creams and house-flipping-millionaire courses to sell to you.

I'm a newbie, have not done any deals yet but was so hoping to start with Wholesaling as a means of supplementing my income.