My background is in the commercial real estate financial markets.

I am very new to real estate and BiggerPockets but I'm very confident that this is the path I want to take for financial freedom and a fun filled less stress life! 

Find out what they will lend and walk through their preapproval to make sure there are no red flags with you (debt to income, credit score, etc.).There is always risk.

You would have to a apply for and close the loan in your name, agreeing to be personally liable for the debt service.

I have been going to local real estate clubs and reading several books on the topic and I too have been told that 75% of the income from the other unit can be applied to the debt-to-income ratio when applying for the loan.

Becoming a Real Estate investor would provide me with the financial freedom that I desire.

With 200k down the debt servicing would be $3,877 monthly.List price is 800k.  

The deal has good Debt Coverage at 1.62 and it will cash flow at 19k/year.The building is partially rented (2 units - 2 Bdrm and a Studio) with one 2-Bdrm ready to go.  

We both have big plans and are looking to get financially free which is the main goal. 

If you are making mortgage payments then you are also buying down that debt a little each year too.