How to find funding for my first rental property

[Mike Harris]

I am in the process of comparing turnkey single family homes in hopes to purchase one as my first rental. From all of my research I'm finding that loans like usda and fha do not allow investment properties. Conventional loans that do allow investments want 20% down. Is there a solution to this I am just not seeing? Is there a loan maybe I havent come across that requires a lower down payment and allows investment properties? For the ones I am finding I can afford a 10% down payment. If anyone has any insight on this it would be greatly appreciated. Thank you.

[Jason Wray]

Mike,

If you do not already own a home you could buy a 2-4 Family as a Primary and rent out the other units and than in 6 months just rent out all of units.  This way here you could put 10% down and after 6 months to a year refinance to take out some cash to recoup your initial down payment.