I have multiple clients who ask this question when interviewing potential employees..."

@Charlie Fitzgerald, please recognize that I'm not trying to challenge you here, just trying to distill it all in a way that I can understand.Say that I am "letting the tenant" pay the interest costs, but still collecting $1,200 / month.

Chris,Sometimes, you just have to accept that people - all of us, even "the man in the mirror" - have limitations, but no one will change until they understand the need and have a good enough reason.Often times, we develop into adults accepting the idea of acceptance: being the same everyone else because people fear what they don't recognize or understand, or don't accept it and reject it, sometimes violently.Accept others as they are, accept yourself as you are, and if there's a disconnect between yourself and others, well, that's just how things are unless you believe that changing yourself is to your best advantage and greatest good.Hope that makes sense...

Just today though, I went out and interviewed for a second job.

If you get a conventional, private, or hard money loan, this will all be up to the lender and how they structure the deal and how much the house appraises for.I highly recommend that you interview a few local lenders, tell them what you want to do, and see who can assist you and how.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

I've never worked for anyone but myself so I've never done interviews and things like that. 

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.