My son is getting ready to buy a new house and this was suggested by an agent.

My question is once I have a deal signed for an apartment with seller carrying back down payment I need a partner/guarantor which would help qualify for bank loan with their income and cover closing costs. 

There are over 20 real estate accountants on this site.

Here is an excellent article on housing market expectations on appreciation from one of the world's top investment banking firms Goldman Sachs: What are some of the big differences you’re seeing among US regions?
"Ye...

You’ve got this!

I put an offer in on the rental I currently occupy, but came in under where my landlord (and 1 partner in this property) were looking at to even entertain giving up a cash flowing property. - He bought this 4br/2ba for 285k put 20k +/- in and I rent for 2700.

Keep pushing forward—this is just the beginning, and I’m excited to see where your journey takes you!

You have to really know what you are doing and cover your behind with documentation if you want to try this.3.

While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.

It was basically a plea for help.