Possible to get 5-10% Down Payment on distressed or gutted SFR?

[Jack Plantin]

I'm looking to buy and hold my 1st SFR in the summer when the situation blows over and tenants can afford rent. Aiming for 2/3 beds that are 100k total max, but obviously will be attempting to get distressed properties for much lower around 60k.

My goal is to put $5k down, have around $500 PITI, reserve $10k for updating kitchen/bathroom, and rent out for $800-1200 a month.

Is it possible to get 5-10% conventional loans, so I have enough cash reserves left over to self-fund renovations and basic maintenance?