Expect to pay 1-3 points, probably $1,000-$2,000 in origination costs, and 10-13%/yr on the note rate. 

That is what we thought, but are being told we have to pay SS and medicare on this now even though it is "deferred." 

Wealth-drivers are appreciation, debt pay-down (ie. principal payments) and tax shielding.

Let them pay the deposit with a credit card.

Ultimately, it comes down to underwriting and the ability for the property, and you, to afford to pay the monthly expense of the loan. 

There are cheap PMs, but I think you end up paying for that in the end. 

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin. 

Recognize initial cash flow is likely at an all time worse.  3 recent studies show that the rent to value ratios are at an all time worst.  

Right now you have $1,000 in cash flow that can be used to fund other projects (seed money), pay you in profit to supplement your lifestyle, or fill in any gaps for underperforming properties.  

if you're W2 and full-time, hourly or salary, you should be able to go off your pay stubs for qualifying.