You don't need 20% down.Sounds like a great plan.

See what the $19k was for first, it may have been neccessary, but still that does not make it ok for them to do it without a signed CO.You can ask an attorney a few questions using sites like Avvo or Rocket for not much $$$.

Recommend you start researching what investors did prior to the Great Crash of 2008.

It’s great that your space can appeal to multiple groups—that versatility is a strength!

Great post Lane. 

high interest rates have hurt cash flow and long term rentals are still a great investment... they're just not going to throw off rental income in the first few years of ownership.

A strong team can streamline processes and reduce headaches.Expand Knowledge: Podcasts and forums like BiggerPockets are great tools.

I knew there were some HML lenders that did OO, but OP credit score “isn’t great” (which likely means it’s poor) and “technically don’t make much money” (which likely means he has little income).i think it is long shot any HML that does OO will take on this risk for what they can legally charge for OO loan.  

This is not the first time, but I noticed a LOT of these this past week.....So I would request: if you're going to come on this great forum and request our help, could you please give us the SF and location of your property? 

It seems like the property works for you at the list price and you're fine with what you're paying, so that's great.