FHA is easier to qualify for and allows for higher debt to income.If you have not spoken to your lender already, you should also just look into the HomeStyle Renovation loan.

Might want to check with a local attorney to verify. 

Most lenders will let you use up to 70% or sometimes even less.

Welcome to BiggerPockets, Joshua! 

I look forward to fostering a growth in knowledge, understanding, and connection by utilizing the tools and resources provided through bigger pockets.Thank you for your time,Brian Luter

@Kim HallWhat are you trying to accomplish?

Here are some top amenities that have proven to offer excellent ROI:High-Speed Wi-Fi: This is essential for both leisure and business travelers, especially in today’s remote work culture.

Looking at the numbers today (keep me honest), I believe you can still find deals with 5-6% yield (current rental state) and hope that it goes up.

I currently do not have enough funds to fund a down payment and am trying to find the most efficient way to save.

I would love to chat with someone who is a mortgage broker to understand your day to day workflows a little better.