If you have any doubts....here's the exact verbiage from Fannie Mae:B3-4.3-15, Borrowed Funds Secured by an Asset IntroductionThis topic contains information on borrowed funds secured by an asset, including:• Borrowed Funds Secured by an Asset• Secured Loans as Debt• Reducing the Asset by the Amount Borrowed• Documentation RequirementsBorrowed Funds Secured by an AssetBorrowed funds secured by an asset are an acceptable source of funds for the down payment, closing costs, and reserves, since borrowed funds secured by an asset represent a return of equity.Assets that may be used to secure funds include automobiles, artwork, collectibles, real estate, or financial assets, such as savings accounts, certificates of deposit, stocks, bonds, and 401(k) accounts.Secured Loans as DebtWhen qualifying the borrower, the lender must consider monthly payments for secured loans as a debt.If a secured loan does not require monthly payments, the lender must calculate an equivalent amount and consider that amount as a recurring debt.When loans are secured by the borrower’s financial assets, monthly payments for the loan do not have to be considered as long-term debt.Reducing the Asset by the Amount BorrowedIf the borrower uses the same financial asset as part of his or her financial reserves, the lender must reduce the value of the asset by the amount of proceeds and related fees for the secured loan.Documentation RequirementsThe lender must document the following:• the terms of the secured loan,• evidence that the party providing the secured loan is not a party to the sale, and• evidence that the funds have been transferred to the borrower

However, that is relative to where you want to buy, the market, and the type of property.

Well a relative offered me her 2 br/1 bth home at a price I could not turn down.

@Bianca CadoganI suggest you search for related keyword, I'm sure you'll find some good content and will learn few strategies on the forum, articles, podcasts! 

We are only able to find the 5 to 10 properties we need each month for clients due to our data mining software and related processes.In ConclusionIn order to determine the best investment property type in a particular market, you first need to determine which tenant pool to target in order to achieve your investment goals.

I been making the most of my time at work by listening to BP podcast and pretty much anything and everything real estate related, nothing has ever really held my attention like this. 

I have a relative that has a lot in Cape Coral Florida/ Lee County he bought a long time ago. 

I just bought a distressed 4-plex in need of substantial renovations relatively close to Bradley.

Over half of my units are priced so that a they are affordable to "low-income" renters and over half are one bedroom units which probably is part of the reason why I've seen a relatively high application rate.

Did you already have business relations prior?