Why not roll your 401K into a Self Directed 401k and use it to purchase or loan $$ and make greater Returns on it now? 

's idea of a 'self-financing' for when my properties are paid off.  

I'm a father of 3 and a self employed financial advisor for 8+ years.  

However, I assume you intend to self manage your rentals.

That's an excellent question that you need a local real estate lawyer (not a divorce lawyer, not a criminal defense lawyer, a real estate lawyer) to answer after they have reviewed the contract.

Its called the self sufficiency rule.- you cannot use non occupant coborrower for income purposes or you may have to increase your down payment significantlyAs for other underwriting guidelines, its pretty much the same as any other FHA loan.If all units are occupied you'll need atleast one of the tenants to write a letter to state they intend to move out by the date of closing.

To quote Lil Wayne: "Real G's move in silence like lasagna" ("G" as short for a gangster, hustler, a self-made successful person)It's a funny play on words, but like a lot of rap lyrics, it's actionable advice.

Sounds like you might want to look at moving some of your IRA money into a self directed IRA.Hope to see you at the next Meetup.

I am a self manager and do all maintenance. 

Not withstanding the above, an individual raising capital in a private securities offering must provide all potential investors with a detailed private plavcement memorandum or he gives up all his statutory defenses in case he he sued by the investors3.