Funding 30-75k Houses

[Wey Scoggin]

I am currently working with a local bank to fund my buy and hold properties.

I am purchasing at between 25 and 50% off of appraised value.

I am able to get in the property with absolutely no money out of my pocket, which is my preferred method, but not absolutely necessary.

I am able to get 15 years at 6%, and that rate is locked in for 3 years, and then variable.

I have to pay 1 point, and a few fees that end up being approximately an extra $500. A mini appraisal and some other small stuff.

I would prefer a longer term, and a lower rate. Am I asking for too much? What are my other realistic options?

Thanks!