The biggest advantage of using someone local to where you're buying is that they will understand taxes, insurance, and similar items very well when it comes to DTI/DSCR calculations and payment quotes, and they will likely have a local network of service providers for ancillary services (survey, inspections, etc).

The limits are not high at first, but they can build with good utilization and payment history.

Consider FHA loans for lower down payments and reserve for repairs or upgrades.

I was able to sell the SFR for $62,000 with a wrap around $50,000 mortgage at 12% interest and a pre payment penalty if paid off before 10 years.

Mortgage payment is $1671/mo. 

Spend the time now reading and learning so you will be ready when you have the down payment for your house hack.

Tenant was acquired with property upon closing(they have lived in their unit for 2+ years with on time payments).

But those didn’t cash flow as good so I threw more $ down or my lender gave me a much better interest rate with a bigger down payment.

All the off market sellers that we worked with wanted 50% or more of a down payment with seller financing.

Down payment: Can you give us some of your reasons for wanting the larger down?