A quick google search reveals that Minneapolis provides assistance for first time home buyers so there seems to be a problem with funds for first time home buyers in your locale too.

To structure a partnership, consider forming an LLC where you handle property management, renovations, and operations, while the investor provides the down payment.

Assuming all of the information you provided is in line.i.e.

.$8,981 mortgage at 7%$2,918 expenses monthly 33.38% of Gross rental income (Prop mgt, maintenance reserve, utilities, Prop Taxes, Insurance, other)$6,852 NOI/monthly ($2,129) negative monthly cash flow..Same scenario with 50% down, $864 positive monthly cash flowNot saying it's the best use of capital or the only way to do it, instead providing an example using an available market opportunity to share what the numbers look like. 

@Sean Gallagher not a sales pitch, but this is what we provide for investors in Metro Detroit:)Understand that if you hire the latest & greatest PMC, many grow using poorly trained VA's. - Your portfolio will suffer:(You want a PMC that has great systems in place, including a great portal where you can keep tabs on eveything.You will also need to manage your PMC on a regular basis.

If you are hiring a legal licensed contractor , he will provide you with a contract . 

Yes, I believe you are entitled to the EMD back as the seller didn't provide you with marketable title.4.

The Amount of information he provides for FREE is literally priceless!

Consider duplexes or triplexes that can help offset your mortgage and provide steady income while you figure things out.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!