Problem now a days is that prices are high and even with 80% financing most properties don’t have positive cash flow.  

With a budget of $50k - $100k for down payments, you're in a solid position to get started.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

It's ideal for the current/recent market conditions where everyone is projecting rate reductions in the near term.Your current rate is so high that you are already arguably in a worthwhile position to refi but you may have to wait on that for the first 6 months or 1 year of your loan.

With such a low interest rate, you’re looking at a prime opportunity to generate positive cash flow once rented, even if the market dips slightly.

I've done it the traditional way of using my credentials; credit, job/salary, personal info. to getting a FHA loan.

Include all your evidence and any relevant details about the property.Appraisal Process: If your request is approved, it might impact future appraisals positively, as the property will be officially recognized as a 3-bedroom.Risks: While there’s generally little risk in disputing the classification, it’s important to ensure that all changes are accurately documented.

In comparison to annual MLS dues, the cost of obtaining an NMLS license is negligible, and more importantly the value of expertise it provides  clients is net positive investment for time and expense.

Whether it's joint ventures, co-investing, or sharing insights, I'm always eager to connect with other investors who share my vision for success in real estate.My goal is not just to succeed individually but also to contribute positively to the real estate community by fostering growth, innovation, and ethical investment practices.

I would not take that risk, some would some would not.Real estate is similar in regards to your terms should be based on the risk profile.As another comment mentioned, are you getting a mortgage and this a second position lien?