So my plan is to use the equity in my own home for the downpayment and for the repairs and take out a conventional mortgage for the house itself.

Private capital, conventional, non-conventional, etc?

The 5% down loan allows them to go the conventional route and most are skipping home inspections and have agents who are unfamiliar with the issues they can run into with Knob and Tube wiring, lead paint and older windows/roofs. 

@Peter McCauleyBuying a single-family home as your primary residence might save you up to 3-5% on conventional loans.

I have actually managed to save up enough for multiple down payments around 20% as i have been here for 5+ years and not been able to qualify for credit (due to history length) so i have been pursuing the 20% conventional method initially. 

From my research so far, seems like someone starting out has to take on that risk and just purchase under their name since getting a conventional loan is difficult under an LLC.

Here are some data points from the past month:Real Estate UpdateHere's the latest market report (based on single-family homes):Mortgage Rates:30-year conventional rate today is 6.27%30-year VA rate today is 5.69%Median Sales Price:June: $485,000July: $487,483August: $480,000New Listings:June: 1,920July: 2,068August: 2,153Median Days on Market Until Sale:June: 13July: 14August: 16Months Supply of Inventory:June: 2.3July: 2.8August: 2.9What does "Months Supply of Inventory" mean?

Consider exploring financing options like FHA loans or conventional loans with low down payments, understanding local regulations, and conducting market research to ensure you can cover your costs.

It would have to be dscr or something similar rather than conventional.

Let conventional and DSCR lenders make long-term, low-return rental loans like this.