For example, he would be willing to put in half of the down payment, if we are trying to get a property where the other partner and I could only afford to put in a quarter of the down payment.  

NZ is one of the least affordable places to buy in the world believe it or not so the barriers for people getting into their first home (20% deposit) are very high and challenging.

just wondering...Buying something that needs work, house hack and airbnb it monthly rental is a way to go...Jax has a monthly tenant need too, or you can do annual lease too of course....you  said multifamily, t, I assume duplex, or 2+ bedroom single door, and rent out rooms..live in it for a year+ and refi cash out, repeat...hold it long enough for equity, some finc. places are doing a heloc on an investment property as opposed to requiring it to be owner occupied.., LOC are better than refi's if it applies to you come time..BBVA bank has an un unusual good loan going on for first time.. there might be rehab loan built into it.. so as for getting rehab money, there isa rehab loan out there...or can use extra rent for fixing things upgrades..

We bought t for primary residence and rented 2 rooms out to roommates from school.

Detached condos seem like a nice alternative with attractive rentability at a more affordable price (<$400K).  

Originally posted by @Navid T.

So I have them in a ladder like rotation, the first 5 yrs I only have two balloon payments, but I have forecasted that I can afford 3 at year 7 and etc... as you pay off, your surplus grows and you get a snowball effect.

I emailed them both about a week later saying that Linda has every right to move out of the property, however that they are both equally responsible to pay the rent for the duration of the contract.from the pay stubs lisa provided i don't see how she could afford rent on her own if linda does move out, even though she says she can afford it (maybe from baby bonus or help from family). even assuming she can make the payments on her own, i'm not sure on best course of action.since they applied together and one tenant leaves, Lisa may not meet minimum requirements to be approved on her own. should/can I make her re-apply on her own?

@Ben DavisThey should be like Scotty toilet tissue Rough ,tough ,and won’t take $&@t off anyone

You are afforded the same benefits as any landlord, (i.e. depreciation, operating expenses and such) with the caveat that it will only be a percentage of the total property.