Bear in mind that early repayment penalties can throw a wrench in the plan, so check you T&Cs with your lender before you pull the trigger - but my point is that the longer the mortgage term, the more cash flow you have and, whether you need it now or not, it can be a powerful tool for either supplementing your W2 or growing your REI portfolio at an accelerated rate.Best of luck!

My goal is to make my first multifamily purchase by November 1.I'd like any opinions on whether or not "graduates" of the course feel they need any supplemental education or experience to get them ready to make their first multifamily purchase. 

If we need to pay $3-5/sf to supplement a small amount, we're still ahead.

Per my argument above, they will not be supplemented by massive numbers of young people coming into the area from far away, a national draw.

I run all my rental agreements and payments through a generic sounding entity, so I'd do that. 

I've been trying to think of ways to finance deals after cash reserves are depleted so that I can scale this business up and acquire more investment properties to supplement my family's expenses for years to come.

The home is in White Center and we are hoping for continued appreciation, however being able to supplement our mortgage with rental income is our first objective.

I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. 

That's a good way to supplement your income and begin investing right away. 

The category of costs you describe are general business expenses that most would lump into a generic category called overhead.