And most require FULL DOC programs to mitigate any credit-risk on their part.

He bought the home with no money down, Home town Heros program and creative finance, then we developed the property by improving it with electrical upgrade additional meters and more bedrooms.

I would say you can just put down 20% and there are even programs that are doing 5% down on multifamily.

Any type of traditional/conventional loan program will be tough in this scenario. 

They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.

The government has a program in place that covers 70% of the housing costs for approved migrants, leaving the migrants to cover the remaining 30%.

Credit union possible if they have mortgage program for their own portfolio.You can do some reverse engineering by checking the mortgage of your neighbour and find out who is the lender , I know few direct lender.My condo is non warrantable too, usually you get quote from a broker and they will find the one that fits into your situation , if you can get 7 percent rate that’s a blessing lol

Hi Timmy, There are many programs available to help investors access financing for STR properties. 

I live in FL and have been doing all my biz there for many years, 100s and 100s of deals, with 1ks of reno/ repairs, and am an expert with all the govt programs and how to deal with all the inspectors from each city and happy to recommend. 

Many banks and credit unions are participating in a mortgage relief program which requires a moratorium on new foreclosures through July 30th, along with 90-day grace periods (only residential properties).