Moreover, I would recommend prioritizing a W2 position over 1099 self-employment/sales for two reasons.

Quote from @Chris Seveney: @Brian Burke I am also curious what the investor equity position is.

It is imperative that you take this action to prevent fines and legal issues.

There are a few programs that can do second position financing but typically underwritten based on your personal income.

Something that is increasingly important to those clients is being cash flow positive from day 1 and this is what we deliver.

Learn learn learn and always take action

However, appreciation will put more dollars in your pocket over the long run.The best solution is to find a property with positive cash flow in an appreciating market.

I've argued for this and the powers-that-be do have a good argument that they are still active just in other ways, how to cover labor and actions during that, etc..

All of the above and there are many discussions and mathematical gymnastics that are in these forums that prove it works and doesnt work in both ways...consider a first position heloc if you want to utilize velocity banking concepts for mortgage purposes.I got one with CMG mortgage (they call it the All in One Loan) and it put me in positive light. 

Purchase price: $86,000 Cash invested: $2,500 After being done with Rich Dad, Poor Dad, several podcasts (including bigger pockets), and other resources we were desperate to take action.