Thanks for the replies.Yea I didn’t take any of the grant money from the sonyma loan.

The dollars for the light renovations would be the only money you'd pay to us directly.

Looks to be enough room to make money but just be sure you're very confident in the comps in the area the property is in. 

You have the money, but you really want to buy it with a loan for some reason.

There's long-term money to be made on that strategy.

It was an easy way to scale up with no money out of pocket.

In fact many homes with too high of an occupancy are leaving money on the table.  

I'm planning to use that money for a downpayment  to buy a multifamily where I would live in one side and rent out the other side. 

Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

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?