Anyone who is having that occur needs to get out of the landlording business immediately.I would much rather do a better job screening tenants and decrease the chance of economic vacancy way below the annual rate of 8% that this would offset.

It also decreases your overall payment on the mortgage since you have another unit(s) helping with the monthly PITI payment.You can also take out a Heloc or Heloan that will keep that first rate of 2.25% in place.

Even though you already have a W2, you might want to explore ways to increase your income and/or decrease expenditure in order to expedite the down payment savings.

Given rising debt costs, decreasing loan proceeds, and unpredictable demand, upcoming loan maturities will indeed test the market's resilience.

Which way to share supporting documents (Google drive, email, dropbox, etc)Types of loans available (terms, maturity, etc)Interest ratePoints for various ratesDo you offer a floating lock (adjustment if rates decrease)Closing costs (brokers fee?

How much of a decrease should I ask for?

Beg and borrow before you touch your 401kI am not sure timing matters too much.in 2005-2009, the overall market tanked, meaning that investments inside and outside of a 401K would have tanked.Many people saw their 401k balances decrease significantly from 2005 and the few years after.Also starting your own business, that is a risk that everyone faces when starting your own business.Business can go up 0% or to 1000%. 

On top of that, our rent drastically decreased so that helped.

Here in Reno, NV we have seen a 3% decrease in rents but an increase in the median price of a home. 

When investing 50-60k you ve got 2 optionsIn an area where property value won t go up and the rent won t be high(but probably low tax and low hoas)  or a smaller property but where the value will go up and rent will be higher (but higher tax and hoas).In the 1st option, it will never change until a major real estate investor makes a deal with the city and decides to turn the area into an upscale one.In the second option, you are already making money; on today s market I ve sold a few units of mine on which the return is at 8% net and the value of the property is going up 15-20% each year.What you don t want is flip the property too many times in the course of 2-3 years, because of the real estate commission that as a consequence increase artificially the market price and decrease terribly your margin/gains.If you sell 70k from which you substract real estate commission(6%) and title fees, you ll end up with less money to buy a similar property that therefore you won t be able to buy(or re-invest in that case); so you ll be losing money and only the real estate agent will be making money.