Lowest down payment you have put down, (I am a first timer)

[Tommy Flynn]

Hi, My name is Tommy, I am living in the Boston area. I am really interested in buying a a rental property around a local university for roughly 200,000. I was wondering, what were some of the lowest down payments, any members on Bigger Pockets put down for some of there first rental properties? Also  does the bank include the income the unit makes for part of the borrowers annual income? Thanks guys!

-Tommy

[Ujwal Velagapudi]

Hey Tommy, the lowest I ever put down was $30k (25%) on a deal I was able to get a commercial loan on through a credit union. The rest of my properties were bought cash unfortunately, so no financing. I did sell one of my properties at $0 down though. I had acquired an existing long-term tenant when I bought the home, and just ended up selling it to the them. 

Yes, the bank will include the income the unit makes as a part of your income if it is a part of your tax returns. If you acquired them in the same year you are applying for a loan, then I think you can support the income with leases, bank statements, previous owner's profit statements, etc.