Option 3- If they have qualified for FHA; counter the offer to see if they can qualify for low downpayment conventional loan

However, an easier option would be to use a bridge loan to help with acquisition and rehab financing if the property needs some work.

I put my money where my mouth is on this.We lend our own hard-earned money to local real estate investors.

RentRedi has options of "Accept", "Reject", and "Request Update (more information)".

@Ana Vhan there are many commercial options where you can add multiple locations/multiple states onto a single policy.  

I was looking for some advice (viable target areas in Cleveland or Ohio in general, financing options and credible PM/realtor contacts) from the experts here though especially if you are in a similar boat as mine (reside in Canada/Ontario area and invest in US). 

As far as I understand, as I am living in it, I was able to get cheaper down payment options.

Over the past several years it has seem there have been more and more options.

For experienced borrowers I can lend up to 80% LTC and 100% of rehab on 5+ unit apartment deals like this.

Lau, generally if you are financing with a commercial lender- we lend for business purpose only and a rental property would fall under that category.