Also, you could consider buying a house to move into where you don't need a large down payment and renting some of the rooms (aka: house hacking). 

The tenant wishing to expand was recently acquired by a very large nationwide medical corporation.How do you work out new leases with existing tenants, when you're not yet the property owner?

A large percentage of the population are "paycheck to paycheck" spenders.  

Here is one that I developed a few years ago when we used to bid at Florida auctions (Can't get formatting properly):1Property Search & Filter Search properties a minimum of 5 days in advance, valued between $XXK and $XXXK2Review Crime ReportsAvoid high crime and high vacancy areas3Determine ARVMake an informed decision of the Fair Market Value/After Repair Value based on comparables, tax assessment and physical condition4Enter Property Data into SystemRecord ARV, Assessed Value, Sq Ft, No.

(retired @ 49) wife has been in private practice for 38 yrs going to retire end of 2018.We have a large portfolio that we began 40 years ago during the 18% Int Rates.

The AirBnB market seems underpriced (perhaps due to large inventory) - but bookings seems to be strong.  

Jason DiClemente and Joe Villeneuve,  I am on a learning curve using this format. 

The loan is rather large too.

The only way that I would do it is if I were planning to build a series of 4 plexes on a large plot of land resulting in 32 units or more in the future.

The bank will require it since the loan is going to be based largely on the apartment's ability to generate income.