Your cash flow is going to be based on your mortgage payment.

Also, in the future, don't accept partial payments.

You still must qualify to be able to make the payments. 

Numbers: Purchase Price: $100,000Down Payment: $5,000Pre Closing Costs (septic test, well test, etc): $1,937.38Closing Costs (not including down payment): $5,706.86Rehab Costs: $14,983.18Includes first time purchase of tools needed, shop vac, miscellaneous supplies that will be used for future BRRRRs.

Will income come into the IRA in large chunks or in several small payments each month?

I don't have an issue with the down payment but they want me to close within seven days of them accepting the offer.  

We're currently saving a good chunk of our incomes each month for a down payment on something and we also have access to a line of credit if needed for potential rehab costs.

HVAC is 5yrs old Plumbing is good unsure of the age.Purchase 88k Loan FHA 3.5% down bed/bath 2/1 each sideSide 1 is currently rented for $440 (below market) by $45 for the sizeSide 2 I will be living in with a roommate and room rent is $330 (median market for a room for the size)Side 2 COMPLETELY RENTED will be $675 (median for market)Owner pays near $180 for water a month and tenants pay the rest of the utilitieswith mortgage, insurance, taxes, fees, monthly payment to own the property is $611.87I am really just trying to cover all of my bases right now. 

Hi all,Tell me if this is a good idea or not:There are multi-family properties I'm interested in buying, but I don't have enough cash to cover the down payment + fees without wiping out.I was thinking of taking out a personal loan to cover between 20 to 50% of a 25% down payment.

This seems the best engine to get into buy and hold.While my credit score is in good shape at 793, the down payment is the major roadblock.