I'll turn the question on you, why do you want the note to be IO? 

.- A down payment upwards of 15% - *Most beneficial in A or B+ class areas and properties that do not have an ADUHope this helps... best of luck to you on your REI journey and in the Big Apple!

So for him, electronic payment via Zelle is most convenient and cost effective.To complete the story, my wife recently bought Apple watches for herself and me, and it receives programmed notifications via the iPhone to the Apple watch, and I felt a vibration midnight while dozing off in bed, when the notification of the Zelle payment came in.

This way, you can compare apples to apples between different investment vehicles/strategies to see which you do better in.

However, I have seen that lenders ask for a higher down payments with IO.

Lender 2 doesn't want to give me what the numbers look like with a $200K estimated value so its hard compare apples to apples.Why:1.

Why do so many fail, because they are trying to find a tree loaded with golden apples to just walk up to and pluck, which does not exist, vs the reality of being a problem solver. 

Now don't get me wrong the deals in the Austin area are not falling like apples from a tree!  

Blanket loan options5, 7, 10, 30 year terms plus I/O available660 FICO for every guarantorEach property value must be $125K minimumPrograms offer $500K or $250K minimum loanRefi should debt service and is 70-75%LTVProperties should be stable and rented no value adds or work needed

Go to Victorville or Apple Valley in California and investors can still earn 50% to 100% on their investment capital every 1 to 2 years because there are beautiful homes in California that are lower-priced that Columbus.Victorville and Apply Valley have homes for sale where there is huge potential.