Then you pay them back with other funds over time using the annual gift limits.3.

If anything you may consider a gift card for resigning or a Holliday gift if you want to have some token of appreciation for them.  

The best and most optimal path forward will essentially be dictated by their wishes, and should take into consideration asset protection, income taxes and estate/gift taxes.

If there is a yes to either of these questions then you are good to go by either one person being on the loan and getting a gift letter from the other for the rest of the down payment, or being on the loan 50/50. 

If you don't have a parent or someone else that will loan/gift you the money for first-time homeowners, then you need a side job at least long enough to get that down payment.2.

Wondering if anyone gives gifts after a successful deal closes?

Then you can use the gift of your parents money to buy your first rental and start saving from your first job for your down payment on the second rental.

Our option is to use my Dad’s money, kind of make it as a gift for us but the lender we are working with said that funds from family is not allowed to use for investment.

That being said, this loan option allows for you to put down as little as 10% for the downpayment and allows for 5% to be gifted.

the reason why they want to gift it instead of selling it to me is to avoid capital gains tax.