House Hack 5% downpayment

[Chris Archer]

Hi everyone. My wife and I want to purchase a duplex with 5% down as a primary residence and live in one unit. We currently own a house we live in as our primary residence (which we would rent out) and another single family rental. I have been in contact with lenders and have been finding that the minimum downpayment for a 2 unit NON first time home buyer/owning other property is 15%. This cuts into my cash on cash return as opposed to only putting 5% down. I've looked at FHA, but the MI is high and stays with the property for the life of the loan putting me at a negative cash flow. Any ideas for a way to purchase with 5% down? Portfolio lenders? Thanks so much!