Entering the real estate market with $10,000 is not only possible–but it can be achieved through innovative investment avenues like FRACTIONAL Real Estate investing or investing in TAX LIENS - research these two options. 

we moved a small fraction of our investment company’s cash to bitcoin and we also are building a bitcoin mining rig.

Even if offering owner financing it's still tough for someone to risk $1M on a property that appraises for a small fraction of that.With multiple units, maybe you could look at a commercial sale? 

New construction is a fraction of what it was pre-covid even. 

And more importantly when you try to get rid of the property you will realize that since you bought in the ghetto your only buyers are local investors like me who aren't going to give you a fraction of what you paid for it.

Like others have posted, you sound like an IDEAL borrower, including with your local banks...just as long as you (or your Fractional CFO) are talking to the "right" banks that understand investment properties.

I'm a Fractional CFO for real estate developers across the country and I ran the numbers on this deal and I estimate that if you look to a bank for a DSCR loan, you'll need to put 50% down.

Banks like to match short term assets with short term liabilities, and vice versa.I don't believe that DSCR loans are "expensive", but they do require a more thorough underwriting and higher amount of financial documentation other private and hard money loans.It generally helps to have a Fractional CFO or Loan Consultant (not a broker) that will work on your behalf to negotiate better DSCR terms and rates.

It also took a few years to get cranking, it was not an overnight event.We have investors that get involved in pools, syndications, partnerships, fractionalized interests and they think they are in the note business....I guess in a way they are, but they aren't drilling down into the finance business, they are top floaters thinking they are doing due diligence.

You can't fractionalize the property, you have to condoize it.