My husband and I have been in communication with a fellow investor located in Cleveland regarding a potential JV to purchase a small multifamily in the near future.

Whenever I talk to bankers and other property investors, they say rental properties income can not be used for the first 2 years for getting approved for future loans.

I do have ambitions for the future to establish rentals and even begin flipping houses once I both learn the industry as well as have sufficient passive income to do this full time.  

It is a very good concept, and hope to more of it in the future.

Id like an immediate wall of separation between our current state and our future acquisitions.I guess I'm not sure how to weigh the penalties and fees of a 401k loan/disbursement against the accumulation of future cash flowing assets (with the ability to refinance).

So, any repairs needed any future deals, could work with one of them2) My parents have some investing experience; brought up the possibility of partnering.Any thoughts on either or both of these situations? 

When I first got in the business I thought of a doing something like this as I’m also a real estate agent and this is how we nurture future buyers and sellers.

Sketching the math for ten years- I got 100K CG rolled in, 70K future depreciation (which I have no use of due to low rent income, but will be forced to claim on a future sale), 20K closing/settlement etc.

Hope we can do a deal together in the future!

This money will go into a savings account for future needs and I will come out of pocket around $500 a month for the remainder of the mortgage.