Do you have any equity in your home you could use to supplement you savings?

I recently rediscovered the idea of Equity partners, or a least a financial partner that has the cash and lets me do all the foot-work.

The problem that I see is the rent comp is very low so I might end up not breaking even but I am sure I will get equity later on.

What are you going to get from other people who are in the same position as you?  

If it is, you're positioned for success. 

She might not qualify for another loan, unknown it depends on if she can show it as positive rental income but with your plan it sounds like she won't have tax returns in the future to make this work. 

The higher our value, the higher the equity gain is - even if the % of gain is equal between the properties...the dollar amount is higher on the higher valued home because the property is worth more.

A seasoned investor might use a hard money loan, but that probably won't work in your case because they usually want experienced investors, 1st lien position (you already have a mortgage), and you generally cannot live in the property.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

If so, then your FICO score is irrelevant.Unlike when qualifying for "accredited" status, most lenders include the equity in your home as part of your net worth.Also worth mentioning, if your net worth is 800k, you could partner/JV with someone whose net worth is $700k and together you could get a $1.5m loan.