Trying to save $$ so I can prepare emergency funds in case of any major repairs etc .

3) Your $250k with 30% down => about $750k (you also need funds for closing costs, taxes, etc.)

Boostly is a great company and the founder is a great guy!

A turn-key provider would be a company that can handle everything from sending you deals that fit what you're looking for, assist in getting you pre-approved for a loan, rehab (if needed), management, and maintenance. 

We are looking to connect with others to build a solid foundation to our newly started company. 

Yes you can use commission as sourced funds for down payment on a conventional loan.However some lenders have internal overlays that don't allow it.

I own a MTR management company in Los Angeles, currently managing 27 properties.

I agree with the others here that say you need to have some skin in the game, if you are going to live there yourself, get an FHA loan rather than owner financing, you can get a 3.5% down loan, personally I do not love these as they require  PMI which is an additional expense, and you also need  bring additional funds for closing at least for taxes, title, attorney and transfer fees . borrowing from anyone else for the down payment, to include a personal loan from the bank is not a good idea, those again will be higher int. rate.

As a management company, we also have a duty to get a property occupied with a qualified resident as soon as possible and sometimes that means adjusting rents down for right now to generate revenue.  

I own and invest in Birmingham and would be happy to connect to share insights and introduce you to contacts in my network.I also work for a local property management company that serves many out-of-state investors.If you come across any properties, I’d be happy to provide rental analysis reports based on comparable rentals to help you evaluate potential investments.Looking forward to connecting!