We were thinking about taking a loan from that to put a down payment on investment real estate, but he said that he thought he wasn't eligible because he was no longer technically employed.

Chances are you need full rent from all 4 units and good down payment maybe 30-40% to make them break even or cash flow if we can find them. 

Indeed it will be bad news for the consumer as a lot will get locked in with inexperienced / part time agents who never make the cut.  

Don’t forget to calculate California’s big cut.

Imagine you rented it out for a month and then missed a payment and rented for another month.

It's oversaturated, and you find yourself having to cut your prices to stay competitive.

The downside is that tenants miss rent payments and have to take them to court twice.

hi from the date you got notice that a payment was proceed how long after did you get your payment?

I have seen too many investors create a truly beautiful property but a much higher end product that is out of the market norms cutting deep into their profits.

We could put a down payment but need funding to buy.