My advice would be to partner with someone who has additional funds so you can buy something that is of quality. $8k won't get you anything in a class B or A market with 20% down or even 10% down. keep going though!

Then, take additional distributions quarterly if the business is profitable.

I will investigate TCS to see if I can add it to my funding arsenal.

okay @Brandon Battle Could I just add it to the contract as a contingency clause to get permits for basement bathroom?

I do not see that home prices have dropped 2-3% and this is a lot of added savings in additional to a downpayment if so. 

Preparation is key, and relationships are everything.When closing a property deal, the funds typically required include a purchase deposit, which is refundable during the due diligence period, and an additional nonrefundable extension deposit.

However, because the Department of the Treasury recognizes that reporting companies may need additional time to comply given the period when the preliminary injunction had been in effect, we have extended the reporting deadline as follows:Reporting companies that were created or registered prior to January 1, 2024 have until January 13, 2025 to file their initial beneficial ownership information reports with FinCEN.

He may have to eat those additional expenses if he can't prove he had approval prior to doing it.c.

Although I still think conventional is the better option, I wouldn't put 20% down if I didn't have to, unless you know you'll live in/own the house long enough to recoup that additional $. 

I have 8 properties that I have rented through section 8 now and didn't need any additional resources than the one freely available to he public from the housing authorities.