If you're buying a $550,000 home, at today's rates, your monthly payment is like $3500 or so.

The initial setup is nerve racking as you wait for that first check, but once that initial payment comes in, it is on time.

I already made 12 payments last year8.

We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he thought he wasn't eligible because he was no longer technically employed.

Chances are you need full rent from all 4 units and good down payment maybe 30-40% to make them break even or cash flow if we can find them. 

The downside is that tenants miss rent payments and have to take them to court twice.

Imagine you rented it out for a month and then missed a payment and rented for another month.

We do have enough for 20% down payment.

We could put a down payment but need funding to buy.  

Paid it immediately then sent payment confirmation.