The cost associated with insurance for not having 20% is peanuts compared to what you potentially can do leveraging your down payment. 

How much will this unit cost to renovate?  

I've added a few things for very minimal cost that guests really love and increased revenue ~34% year over year.

Additionally, the cost to create a business here is not as inexpensive as the United States, in some cases it can cost thousands of dollars to setup. 

EDUCATE YOURSELF - yes, it will take time, but will lead to a selection that better meets your expectations & avoids potentially costly surprises!

STAY away from them at all cost.

City's with radical liberals in power like to throw unenforceable laws on the books.

I'm curious as to what cosmetic rehab you have to do that costs $27K? 

@Loren Souers I'd have to run the specific scenarios with the rates and fees, but if you're OK with paying the higher closing costs, the Mortgage 1 deal looks good, particularly if you focus on CoC returns.

In reality it is costing you more.