I've now used it twice.The program requires 10% down, must be a rental, no PMI, and has a very high standard of credit.Last I did it (Summer 2022), my rate landed in the low 5%.  

Quote from @Michael Smythe: @Jerry NoguerasRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

However, looks like there is a harsh line as far as what locals can afford and if you go over that, vacancy is high.Watertown, NY- I’ve seen many great multi-family properties in the low to mid 100s.

Low maintenance building, top-end rents for the area due to the extensive work that was done and the location.

The low down payment house hack is the way to go.

It is a freehold property, recently renovated from top to toe with high quality, large garden, and kept very clean at all times.

https://www.biggerpockets.com/forums/12/topics/1122318-quality-turnkey-companies?

Having the contractor relationship in place to move quickly and provide a high quality renovation at a reasonable price.

Cost per lead (CPL) is crucial—it shows how much you're paying to get a potential seller or buyer’s info, and you want this as low as possible without sacrificing quality.

The issue is our land value is high, so the structure value is low compared to the overall property cost.