Well, I'll quote FannieMae.com directly here:"Borrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts."

@Terry Lao you hit the nail on the head with your source examples.

@Michael EalyIf you are the owner, landlord, property manager, handyman, leasing agent, etc, then it would be hard to say it is a passive source of income.

@Wilson Lin what's the source of these numbers? 

@Josh LyonsThere are sensors that can turn the water off at the source.

Also ran across this data source specifically for TX which is *awesome* I think it pulls directly from the MLS:https://www.recenter.tamu.edu/data/housing-activity/#!

For a cash out refinance prior to 6 months, they are going to want you to source where the money came from - you are not using all your own money, so this could be a possible issue with lenders.

Zillow gets really confused when it comes to multifamily they just aren't a good source at all when it comes to that point. 

Paper Source Apr 23-25?

Lenders aren't dumb either, they are a good source of advice when they underwrite your property. 4.