Together, we have over $200K (mostly in stock market investments), and our parents may help with the down payment.

The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment. 

I'm looking to invest between $50k and $75k as the down payment. 

However, with a SFH you will lower your standards when vacancy arises more than one month as you have no income coming in to male that payment.  

These payment options can get up there!

I’m close to saving up for a down payment but it’s taking forever!

Down PaymentSaving for your down payment is likely top of mind.

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

Make that rent payment out to you and pick up a roommate.

One thing I am curious of - typically many of the hard money lenders will charge a 1-3 year pre-payment penalty in these types of scenarios unless your client paid points to not have that pre-payment penalty.