I like to make mine on an amortization schedule like a mortgage so that i am paying it down the same way, PITI (principal interest tax and Insurance).

Hi everyone: I have been interested in RE forever but as with most, life happens and other things take priority.

Sometimes you can't get them permitted to move, most places don't want them, insurance and financing are problematic.  

Our goal is to get enough rental income to cover all of our expenses so that everything we earn from our day jobs is just money we can put towards living the life that we want to live. 

Not sure if you are guaranteed but I just finished a purchase thru them and good a special warranty deed and title insurance. 

FHA guidelines allow using collateralized loans (i.e. your 401(k), stocks, bonds, life insurance deposits, other real estate) but not anything that would increase your monthly obligation - so private loans, signature loans, etc. are all out for FHA.

@Michael RobertsIf you purchase a residential property with more than one unit (duplex - quadraplex) and live in one of the units, you may be eligible for a high ratio mortgage insured under FHA or a similar program.  

I would also like to reach out to investment partners if possible.I have wanted to get involved with real estate for several years now, but life happened. 

@Patrick Philip,Well, banks are "flush with cash" these days, but no, they do not have unlimited funds.Also, when banks lend, they impose certain restrictions on the loans, the borrower, the collateral, the terms of the loan, etc. so the note can be sold in the secondary market or be insured by government-sponsored agencies like Fannie Mae, Freddie Mac, etc.Private lenders ("OPM") typically don't write loans to sell them, and typically are interested in the deal rather than the borrower's details.Using OPM down usually means putting some kind of partnership, joint venture, etc. together so the source of the down payment is less of an issue or a non-issue to  the lender(s).Dunno if that helps...

It isn't fast cash, but when you get to 15K, 20K a month income it will be life changing.