Those that preach no/low down payments are mostly just trying to appeal to the masses who want everything for nothing that will buy their courses.

We're currently selling off our portfolio one house at t time as they go vacant.

If they are low balls then usually you are asking someone to work for free as the fix and flip landscape is competitive for a low pay out.

Department of Housing and Urban Development (HUD) and Bankrate, the big perks of an FHA home loan are:Lower Down Payments: They typically require a smaller down payment than conventional loans, sometimes as low as 3.5% of the home’s purchase price.Lower Credit Score Requirements: They’re designed to help buyers with credit scores that might not qualify for conventional financing.

Quote from @Omar Samaniego: Quote from @Bonnie Low: I've used Avail in the past, but switched to Baselane last year.

The program is designed to assist low-income families, and these benchmarks might exclude a lot of qualified people.That said, the requirement for stable rental and work history is reasonable, but you might consider relaxing the credit score or income requirements since Section 8 guarantees a portion of the rent.

Make sure you buy it low enough to make it worth the trouble.

Detroit offers solid cash flow potential, a relatively low barrier to entry, and the market fundamentals are improving with a growing population and significant investments in the city.Since you’re based in upstate NY, Detroit is also a quick and easy flight, making it easier to visit and get a feel for the market if you’re considering out-of-state investing.

for me, the ones that cashflow the most are the ones that I bought with 3% long term debt, they were new (low maintenance) and they are in high appreciating areas(just a bonus but does not impact cashflow).

My father is a contractor so we will be able to complete most of the work ourselves while keeping costs low and add equity.