@James Wise who knows that area first hand, is not advising a newbie to start there - and he most likely has the properties there to support his opinion. 

With that said, perhaps there are some BPers out there who have other ideas for what you are trying to achieve with a different type of loan product.Hancock-Whitney (or whatever they are calling themselves nowadays) will do an 80-90% LTV HELOC. 

His numbers indicate he has achieved the needed equity gain.Be sure to find a property that needs a sufficient amount of repair and purchase at a good discount to allow for the needed increase in Value.  

The longer that history, the better resale price you could reap.If you get 3 -4 months upfront, 12 - 18 months of a payment stream, then a lump sum when you sell the reperforming note, you achieve 3 profit points on one file.

I plan to house hack so I will get a first hand experience at the pros and cons of the property and will hopefully be able to market the property better in the years to come.

(I’m just landloridng now because I want to experience everything first hand and get systems together for someone else.)

Any first hand experience out there?

The financing becomes difficult, and I would have to acquire many, many individual properties to achieve my goals.

I have aimed to take achievable and actionable steps towards my goal of buying my first property with intention to rent or flip by connecting with local investors, evaluating deals, and of course listening to the BP Podcast/reading books. 

Manny Khoshbin and Warren Buffett are two figures I look up to and will stop at nothing to achieve my dreams.