It would be considered a seller carry back.The buyer would have to come in with some down payment money, you create a note, and the buyer would have to secure bank financing.My good friend Bill Ham wrote a book called Creative Cache.

is it possible to barrow (hard money) for the down payment im looking at turnkey and would like to purchase 2 at a time.

I think Birmingham is a great place to invest for cash flow if you can wait longer on the appreciation.

The rental property appreciation is more important to me than cash flow. 

As mortgage rates eventually drop, your cash flow should improve over the long term.

After grad school I anticipate starting salary of 300k+, but will have 200k student loans which will only delay/limit me from starting my real estate investing journey.I have enough saved for up to 15% down payment on a fourplex around 450k, but dont want to go hard money lender/dscr as they are currently in 7-9% range.

George, never accept partial payment of rent.

What lenders will allow a cash out refinance on a property that’s being rented out that way?

Do you have a significant down payment?

I will need to finance most of the purchase, but if my numbers are correct, it would still generate cash flow even with 100% financing.