Unless you think the property is hot and you buying it with enough equity in it to flip (consider 2 closing costs, repair and operating expenses), I would not recommend to borrow the down payment.

I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.

Currently work in Operations management and I actually bought and flipped my first house early this year.

I know of mortgage products for example that will allow you to look at the income being generated from the property itself (don't care about W2, tax returns, etc).

In fact any documents an attorney can generate you can generate and get those fees removed from the closing.However, having an attorney review the docs is still a good idea.

. - great job, that’s a step in the right direction IF you were to no longer claim the property as your primary residence and to operate as a business!

Those assessments have no basis in reality, the are simply a function for the gvt to collect the taxes that it needs to operate.

Verification:Rental of Other Property Not Securing the VA Loan Obtain the following: documentation of cash reserves totaling at least 3 months mortgage payments (principal, interest, taxes, and insurance - PITI), and individual income tax returns, signed and dated, plus all applicable schedules for the previous 2 years, which show rental income generated by the property.

I discovered the beauty of generating lasting, generational wealth through RE investing and came to the realization that you don’t need a license to succeed in real estate.My plan and vision is to build a real estate investing business, specializing in the syndication of cash-flowing, multi-family deals in emerging markets.

Looking for operating cash, reserves, low A/R.