But the likelihood of success with that depends on the specific street.

Depends on your goals!

Unfortunately with those numbers it's tough to find a non-bank lender/financial institution that will lend.Usually loan minimums are $50K and the up to 75% LTV on purchase-money/70% LTV on cash-out refinancing, which basically means you need up 25-30% depending on the type of financing. 

.: Lastly, I believe the web of involvement extends to many other financial parties as well. 

Hi Kmsuea, it all depends on your commitment to actively looking for and purchasing a property. 

Depends on what you want/like.

Quote from @River Sava: Hey April - Refinancing after a year if there's limited equity depends on your goals—lowering your monthly payment, cashing out, or switching loan types.The process usually involves checking your current loan terms, appraised value, and credit situation.

It mostly depends on what opportunities are put in front of you though.

We put $75K down to begin with and likely have $85-100K in equity ( depending on what non-scientific source you check since I haven't had a full appraisal done) on it.

You need to research/know the rules, laws and regulations (including HOA if applicable), like you'd do in any US city.