@Sandra Andrews @Brandt Baize We found out about the program through Life Changer Loan, who is a broker.

Now, that is generally speaking, I know there are some programs out there that might allow you to do it but you will need to find the right lender or broker (which I'm sure you might find here in BP forum). 

To get there, I need to gain the experience in RE transactions, functioning as a landlord (with a PM company) and build my investment fund to multiples of where it’s at today.SHORT-TERM GOAL – I have been studying RE investing for about one month and I’m interested to start with detached single family and multifamily houses.

@Brandon Rush @Jamila Thompson just to piggy back off Brandon I would definitely start with a FHA program.

If you plan on living in the home for a year the state offers programs if you go that route.

So go with a fourplex since it qualifies as a residential loan (5 plus units is commercial) and you take advantage of first time home buyer program (low down payment :)).

Also I am in a masters program at Montclair State university for software engineering so I figured, instead of paying someone else rent, the faster I get a property, the faster I wont be paying high rents near montclair.

I am just saying for us where our title company in Oregon and Washington is the underwriter and title plant and escrow function they have pretty robust on line date down abilities..

@Cheree HarrisI cannot speak to the specifics of a lender program I don’t know but if the lender said they would lend you 80% LTV then they would theoretically cover $48,000 on your provided example. (80% of 60k)

@John Gardner You can refi them as long as they debt cover (min 1.2) and you have a long term tenant in place into a 30 year fixed program.