(Auctions and foreclosures can also provide great leads.)With $20K, hard money loans are a practical option, as they emphasize a property’s ARV over your financial history.

They will go up to 100% loan to value or LTV (or used to). 

This term replaced "subprime" and looks a lot different than subprime loans of the past.

Is it best to just throw cash flow at the loan untill the principal is paid off (current cash flow between the two properties after interest and all expenses are paid plus vacancy rate = about $250 left monthly) refinance at renewal to pay it back in full? 

I refinanced it into a  5% 30-year mortgage with a local bank as the seller would only carry the loan for a year.

Here’s what made a difference for us:🔹 Mortgage Relief – Many lenders offer disaster relief options like payment pauses or loan modifications.

@Madison Sloan All depends on what you're willing to accept and if you can get approved for a loan now or not.

I plan to offer owner financing to others that can't get a loan.

Yes, you can “save” interest by paying off a loan faster - SO WHAT?  

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).