Sounds like you have some options which is great man.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

This way, you build income-generating assets first while keeping future options open.

Like that was optional? 

.: Quote from @Stepan Hedz: Phoenix, AZ, offers a young myriad of options for real estate investors, particularly in the distressed sectors.

If they actually use a reputable title company I'd do it but if not, I won't trust them.

But I think any experienced investor would agree that if you aren't doing value-add when it comes to real estate investing, you aren't actually investing.

Transportation options are plentiful.

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.

Give them a couple of options, they already know the unit got foreclosed, most people move to avoid the hassle.