But if your first loan is a 15 year, then you'll have to put a down payment (20-30% down) AND have to fund all the repairs.

Also how do I make sure he is making his monthly payments on the property?

The only reason I did not move forward was because I want to use leverage for my purchases while they prefer cash, and while their COO Peter was very cool and said they could potentially do my deals, the loan had a balloon payment at the end which is not the type of loan I am looking for.

Just because they can give me a large down payment doesn't mean they will pay me on time every month.Thanks,Kelvin

I'm now looking for a quality loan servicing company out here in the Bay Area, or anywhere for that matter, if they can help facilitate my payment process to the seller.

In 2 years, you should have a solid down payment to buy your 2nd property.Good luck to you. 

How else can I raise the down payment.

How do I get around my debt to income ratio now that I already have a brand new mortgage, car payment, paying rent, and college loan but a decently high salary? 

If I were to schedule a credit card payment which is due on the 3rd, I would schedule my payment to go out a few days in advance such that the full payment is their hands by the 3rd to avoid any penalties.

I know how i will get the money for the down payment.