They want an investor to have some serious skin in the game.The other option would be to wholesale this opportunity to somoene and make a few bucks to save so you have some money for a downpayment in the future.

One option is I can cash out refi one property that has $400k in equity. 

The home is expected to close in 1st week of Dec.Here are the options I'm considering:1.

Fine a seller financing deal 10% down interest only payments for 10 years 4% I/O with option to extend until a ballon payment.

If they reply back that that is not an option, I would not go forward.

As @Nicholas L. said, property management is always an option too if you want a full hands off experience but can afford it. 

@Kenneth JohnsonTo invest in real estate, build a strong financial foundation, educate yourself, network, start small with house hacking, FHA loans, and savings, consider creative financing options, build sales and negotiation skills, and have realistic expectations.

Additionally, the manufactured home needs a deck replacement and other minor repairs, with quotes ranging from $28k to $38k for the deck work alone.Here are the options I’m considering:Refinance, then invest $30k-40k into repairs for the manufactured home.

If you currently use DoorLoop would you choose it again over all of the other options?

Take advantage of the low down payment options and start to learn about buying a home/property and taking care of it.