I'd love to learn more and see how I can assist, @Jonathan Orr.

And if you intend to occupy one of the units, 100% of rents collected may be used to offset mortgage payment, thus reducing your DTIFannie Mae Selling Guide - B3-3.1-08: Rental Income (02/28/2017)[If a borrower has a history of renting the subject or another property, generally the rental income will be reported on IRS Form 1040, Schedule E of the borrower’s personal tax returns or on Rental Real Estate Income and Expenses of a Partnership or an S Corporation form (IRS Form 8825) of a business tax return.

Do we have a right to a relocation assistance fee, even though the property isn't in a rent controlled area? 

"Real Estate Commission Rebate Program"Pre-arranged and in place for pre-approved borrower/buyer clientsGood Faith Bid for a Purchase Price of: $500,000Listing Pays: 3%= $15,000 / Rebate to Buyer: $12,000Rebate to be credited at closing as follows: Closing Cost                         $ 8,000Home Warranty                  $ 500Attorney Representation  $ 700 New Flooring$New Window Treatments$New Windows$New A/C System $New Appliances                   $2,800Hurricane Generator$ Other: $_______________________________                                    $ 12,000 Rebate TO BUYER

This means while you can certainly borrow money from the family you probably won't be able to use the property as collateral. 

So I have been asking friends if they would co-sign on this loan (to purely borrow them for their W-2 income credentials) and in return for helping me qualify, I would pay them $1000/month while I own the property.

@Luis EscobarA lot of lenders that sell their loans to Fannie/Freddie will only give an individual borrower four mortgage loans. 

Look forward to learning more and to contribute to this awesome community.Thanks,RomelHi Romel, pleased to meet you.Decide which kind of investor you want to be (SFR, Commercial, Land, Tax Liens, Passive, HML, Multi-Family, Notes, Fix & Flip, Buy & Hold, “Subject To”, apartments, duplexes, assisted living, REOs, Foreclosures, Short Sales), etc.

While having leverage is not bad it can assist in growth exponentially, reading posts like I just did of an investor having $100k in loans at 25% and wondering what to do with a new $50k LOC and thinking he should continue to invest it vs. paying down a 25% loan scares the hell out of me. 

In my inexperienced line of thought, it would seem if I’m borrowing $60k total, the points would be applied to that $60k rather than the $18k acquisition amount - I don’t know why the ratio of acquisition amount to total loan amount would matter to the lender.