Hi Aaron, I know I wasn't the original poster, but we did end up doing new construction down there in the past year (also purchased cabins before deciding to build). 

I purchased a single family to rent out the rooms and it sent my finical plan completely off course because I was not as ready as I previously thought.

I purchased at 300k with 5% down & put roughly 90k into the property over a 2 year period.

Single family has more stabilized as there is not enough people who can afford homes.The purchaser is two very distinct types of groups who buy MF vs. single family and single family is bought to own and occupy, MF is bought to generate money.

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.

We recently came upon a small property and are seriously thinking about purchasing our first rental!

The property is being purchased at 103 with an ARV of 375.

Yes you can find properties which you will be able to purchase, but ROI will be near zero or negative. 

Hello,I purchased my first rental property last year and rented it out for 10 months.

Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?