I am in the process of settlement on my 1st property in 1 week. i have a 5% down conv loan thru a credit union bank. this a duplex and is a row house. i plan to live in one unit and rent out the other. the seller is also selling the duplex property next to it.

Some people are into the education so not knocking anyone who is but sometimes people max out their finances and are left with nothing in the tank or bank to actually suceed. 

Lender-Specific Programs:Some non-bank lenders or credit unions might offer more flexible jumbo loan options, including 10% down.

We play games called, "lets show the property to a perspective tenant" and "lets go to closing together" and "lets deposit money in your bank account" and "lets review your college fund investments".

We currently have a LLC that owns our existing rental property and we run the short term rental activities through this LLC with its own separate bank account.  

This includes the seller maintaining property insurance in their name with the buyer added as additional interest and mortgage payments being made from an account in which the seller appears as bank account holder. 

You can call local banks typically credit unions in the area to see if they have a construction loan product.

I did find verbiage but from another jurisdiction "Unavailable for rent means a unit whose owner has filed with the code official a statement signed under penalty of perjury that such unit is not offered or available for rent as a rental unit and that prior to offering or making the unit available as a rental unit, the owner will apply for a Residential Rental Business License and comply with any applicable administrative regulations adopted pursuant to this chapter...."

Different times today, dont know of any banks who do 10% down anymore.

I'd verify with bank statements the income as well