And having the ability to lengthen your mortgage just looks like an excuse to justify seemingly poor investment returns.

I'm a writer and artist (painter of landscapes as well as walls.) 

There isn't a single number from 2004 that will help tell you whether you're going to make money or not.2) Understand that the ability to make money in buy and hold typically comes down to being able to buy the house right so you can leverage the use of OPM (Other people's money) - i.e. the bank's loan.Paying all cash for a rental is typically not going to give you the kind of return that makes sense.

The nice thing about that wagon wheel, is from the spokes inward, is a sea of people from all backgrounds, education, professions, abilities and sensitivities, who let you live and enjoy life as you make it. 

Bank offer credit cards which allow the cardholder to get a cash advance.Banks will looks at the borrower's credit history, credit score, income and ability to repay BEFORE providing a credit card or other loan.If a coworker approached me with this offer, I would send that coworker to a bank or search for credit card offers on the internet.In other words "NO"

My skin surrounds my brain and its ability to work through scenarios that benefit me AND the house seller.  

This will save you energy wondering about your DIT, etc. and allow you to move into the buying stage with a comfort level on your ability to get financing plus strengthen your offer with the strongest possible pre-approval.If  you would like to talk further message me.Regards,Tod Novak

If you look decent on paper, and have the ability to show your past deals than it could work.   

Need answers to Rick's questions.Any loan will be based on your ability to pay, the cash flow from non-owner occupied properties or 5+ unit properties.

In either case you and your partner will be the responsible parties on the loans.You will have to wait for 6 month seasoning to get a new appraisal and get the loans based on that.Your ability to get either of these loans will depend on your experience, your personal credit worthiness and financials, property cash flow and your rate of acquisition.