And quitting your job will probably not happen right away, the income from your job will help you to get loans to buy real estate.

For example if he's just finished renting, perhaps he got an FHA loan.

This can make it hard to get a traditional mortgage loan.

Do you believe, with what data is available, that interest rates are expected to fall substantially enough (within the next 365 days) that it would simply make sense to wait instead of jumping in with such loan products due to their current high rates/PPP's?

There are some ways to get creative with down payments: seller financing, using an investment loan that allows "gifted funds", etc.Best of luck! 

I sent an inquiry last night and got a message to go back on the site with my email address.

😬😬😬So anyway, he told me that he recently brokered a loan with no income verification (This was not a VA loan, backed by the government).

The bank has first position on the loan so they will defend against any attorney trying to take the property away in a lawsuit. 

I see lot of two duplexes on one lot thing here in Anacortes, and I hear spec home builders don't have the insurance to do more than two units.Interesting that building a 4plex is commercial, but a bank loan on a 4plex is residential.

Commercial Portfolio Loan How did you add value to the deal?