Rolling in repair costs is also achievable in both government and conventional financing. 

I just wanted to take a few minutes to propose a thought experiment in hopes of sparking a discussion on what the practical strategies to achieving financial success are and what the necessary disciplines one must apply to get there.

It will say how much of a mortgage they obtained but not the current balance.   

As far as balances on mortgages...I prefer not to look.

@Silvia BaierYou need find potential partners or investors if you can not fund the down payment, or if your balance sheet is not strong enough.Living in the property would be huge!

You should take a closer look at how far behind they get and the timelines in which they get the balance caught up.

Reduce Your DebtPay down existing debt, especially high-interest credit card balances.

We calculate rent plus all debt payments as a percentage of gross monthlyincome.Our underwriters strive to analyze and balance all the information above to determine the statistical likelihoodof a tenant paying their rent on time.ApprovalOnce an applicant is approved, we require a nonrefundable Holding Fee to make sure they are serious and don’tchange their minds.

Have credit cards available with zero balances to handle immediate needs paid back out of your actual reserve funds that are in a high yield savings account.

Read Beginner’s Guide to help you get started: http://www.biggerpockets.com/real-estate-investingI hope BP helps you achieve your goals!