Hi @Dave Tab yes for the low money down loans as far as I know you need to be able to show you are occupying the property.   

You may be looking only for "low-hanging fruit" type deals, which are far & few between these days.Read copy & paste info below:--------------------------------------------------------------------------------The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

When they do HML on OO, they want very low risk.  

Has anyone made a low offer?

Focus on smaller single-family homes, condos with low HOA fees, or multi-family properties in these regions, and build a reliable local team of agents, property managers, and other professionals to ensure a smooth investing experience.

Having trouble getting any quotes for a low value SFR (<100k), any leads appreciated

Seems like a low risk strategy for you to start taking action on your dreams, which is the crucial ingredient towards reaching FI. 

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage? 

If he must attempt to get the low interest rates of 2021 on this deal, I suggest that he instead look for assumable loans.

I’ve been a serial house hacker in the greater Boston area so happy to connect and share some lessons learned.Multifams inventories are quite low depending on your budget and location preferences.