Advice on 1st investment property loan

[Shelby Lunardi]

This is my first time posting. I'm hoping to get some good feedback and advice.

My wife and I are looking at a one parcel property in CA. There are two houses in the lot and both are currently rented to long term tenants. One is 9 years section 8 and the other is 20 years. The properties are separated by a fence, but considered a duplex from my understanding.

The property is off market at 375,000. The rent is currently $1,400 and $1,600. Rough calculations out the ROI at approximately $800-$1000.

The property is currently being managed at $96 a door by the owner of the property management company who is also the selling agent (Broker).

My question focuses around loans and down payments. I'm interested in any tips to get a lower down payment.

My wife is an agent and has several lenders she uses. The first one she reached out to suggested 25% down. I'm not sure if this is their requirement. Again this is a non owner occupied.

Any suggestions and tips would be greatly appreciated.