The answer is a combination of knowing the numbers, your projections of those numbers in the future, and your confidence in your ability to do the analysis. 

Combined with an additional pledge on the newly purchase 6-plex and your lender is in a much better position than the 100% financing. 

Contribution - some want to provide good housing options.Most will have a combination of all these factors.QUESTIONS.What type of cash flow are you looking to generate? 

Mobile is ranked 7th in the U.S. for least stressful city, and 25th as the best city in the U.S. for Millennials to live.Employment Information -- The top providing employers of Mobile are The University of South Alabama, Infirmary Health Systems, and Austal, who combined provide over 14,000 jobs.- The Mobile Aeroplex brings in another big economic industry which is Aviation.

The appliances are also all brand new installed this year- fridge, dishwasher, and washer/dryer.

There are things you can do to save money if you need such as buying used washers and dryers or repairing a roof to delay replacement an extra couple years.

There are two separate issues here: one is combining your personal and business banking which can complicate filing your taxes and is generally frowned upon.

Main thing for you is: - Have both you and your buddy talk to the same lender and get pre-approved to understand down payment options and what your combined budget would be- Decide how you want title held (joint tenancy or tenants in common) - do a google search on this to see which option is best for you guys- START SHOPPING!

There are seasoning periods which means you have to wait if you want more cash out if the property because of property improvements, time passed or a combination of the two factors.

It also says:"MAINTENANCE: It is expected that major systems in and around the property will breakdown from time to time such as washer, dryer, refrigerator, etc.