I've heard the majority of sales in the area are purchased with cash, and while I have a decent amount of liquid cash available, it would be a stretch for me to make a 20% down payment on anything here besides a manufactured home or a condo.Looking forward to learning how one can get started in what seems to be a very crowded market.

I'm FINALLY into the home stretch this week which will include the finishing touches and wrapping everything up by deep cleaning.Overall I overshot my original goal of getting it done in 2 months by 50% but I managed to stay close to my budget although I did go over it a bit. 

Buyer is proposing this in order to try to stretch into both pieces of property with anticipated income from another property sale, while keeping seller happy.  

We'd have to put no money into rehab, could pay cash, and any possible vacant stretches would then be just taxes and utilities.

I am not sure how it will work out yet I am still working with my lender as this is kinda stretching my limit.  

We can talk about it later when we meet.Trevor, I definitely want to talk to you as well and go over my numbers with you and see if we can make something work.I know this sounds like I am stretching myself guys, but I am looking for the right fit and I need to find it by getting to know a lot of agents.

This can be an issue when you want to stretch your budget to a 3-4 unit home, but it depends on your income and your local market. 

It's been a (whole)sellers' market in Houston for over 2 years, so buyers tend to stretch in order to make deals happen. 

I agree Lenders are offering horrible loans again and there is a flood of buyers that can't afford these homes still buying them from me, and stretching their financials to the limit.

As @Scot Howat and others have said, 75-80% is typically the max and some lenders might not even stretch to that in a cash out refinance for a non-owner occupied property.