My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.

@Bryce Nurding Rates are close to a 2 year low.

That seems low with the 5 units and storage you mentioned unless they are 1 bed units. 

- very low remaining mortgage balance!!

The city also benefits from a relatively low cost of living compared to other major cities, attracting both renters and investors.

Those that preach no/low down payments are mostly just trying to appeal to the masses who want everything for nothing that will buy their courses.

The land is in a very non-desirable area pretty much in the middle of no where so I would assume the cost of the land is low but don’t know how the ROI would be after you had the infrastructure up and running.

Rates as low as 7.25, depending on credit score and LTV.

Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.

House hacking a duplex is a solid way to get started in real estate while keeping your living costs low.