These are simply suggestions and your own risk tolerance will guide your final decision:Slow and Steady: $100K should be more than enough to afford down payments on a couple small multifamily units.

Fortunately or unfortunately, depending on how you look at it, I had a large source of income and could afford to make mistakes.

I am an investor and licensed Virginia Realtor living in Northern Virginia who enjoys transforming and improving communities by rehabbing run down and abandoned properties and making them available to families who would otherwise be unable to afford a home.

The problem is that my partner is currently low on cash and can't afford to provide funds for the downpayment, pay the mortgage during the period we have the property listed for sale, or fund any other large expenses that might be involved.

I have one supervisor who is responsible for managing my duties at both companies.So here is my concern - I am concerned that underwriting will consider my second paycheck as a second job, and therefore not include the income b/c I do not have a 1 or 2 year history of that additional income.The house I want to purchase is 500K and I have a 15% down payment saved and I can afford it with my new salary of both companies, but I will not meet the DTI criteria if the additional compensation from promotion is not counted.

Hey @Fred T. welcome to the site!

If they don;t contact you to work out something (like cash for keys or a definite time to be out) you have to start the eviction process (and that is going to vary state by state) In MA the foreclosure can be challenged in the eviction process if you can believe it.I would check with a local attorney for specifics of your area

Changes as far as the tax issues **I'm 25 and pretty much if I was trying to rent a apt , it would not be affordable in any way shape or form ...

My interest in real estate is to help rebuild neighborhood home in the local community and help provide affordable housing for low income family.

Hey Michael,There are still some bread and butter areas in Cali where you can actually pull out some affordable properties like in Bakersfield and Fresno.