And that might really impact your choice.You may have to buy multiple properties using down payments. 

I'm sure I'm missing some variables here, but thinking briefly, if I could put about 10K in his hand and "assume payments on his mortgage with maybe a promisory note that I'm buying it. 

Tyler, save up a down payment and buy your own house and rent it out whether it’s long term or short term. 

Wanting to pull out equity with a HELOC and look for another 2-4 Unit use that money on a down payment.Question:  Say I pull 20K to use on a down payment. 

He has no interest in sitting on market and wants to get out of the mortgage asap to free up the payment when he gets where he's going.I think the correct action is to offer and explain a quit claim deed, and ensure he fully understands that hes leaving a fair amount of money on the table. 

However, when I talked to my lender, I found out that trying to put the entire thing in an LLC would throw a huge wrench in my plans and the banks wouldn't offer me the same type of loan or down payment.

Looking to keep the monthly rent payment as low as possible ($450-$700) but definitely want a safe area.

I purchased the property with a 20 year commercial loans because the down payment funds were not seasoned in an account. 

Cassandra, save up a down payment and buy your own house and rent it out whether it’s long term or short term.

This is a question that is asked all the time and here's my take:If you are using a low down payment, it's not really realistic to expect to be cash flow positive.