Buying first house

[Lazar Kocev]

Hi, Im new to Bigger Pockets and I came here reading a book presented by Bigger Pockets, "The book on rental property investing". I want to buy my first house in the next few months so I started reading more books about real estate. My criteria its single family home (3 bed 2 bath) in a decent neigbrhood( maybe foreclosere), around 150 000$, which needs small repair and Im gonna live in it and rent the other 2 rooms to 2 frineds. I have a nice, steady job in a restaurant for a while, really good credit and all I have its money for 20% downpayment. As I said I dont mind small repair on the house so it can apreciate a little after the repairs because Im good in Do it yourself things and i think i can save a lot there. Whats bothering me now its the loan. I dont want to spend all my money on downpayment, but everywhere I read I found out that banks are not willing to aprove a loan with 5% downpayment if a house is a foreclosere or needs some repair done and its not possible to move in right  away. If anyone has similar experience and it dealt with it I would really apreciate your time and response.

Thank you