Together, we have over $200K (mostly in stock market investments), and our parents may help with the down payment.

Even if their Renters Insurance company wanted your insurance info, an insurance represetnative would be contacting you for it.7) You haven't stated if the tenant is current on their rent or withhold rent payments?

These sellers might be more open to offers to accept payments over time. 

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

There is 3-5% down payment options you can use.

@Jordyn Ohsnot enough info to helpbut if you're using a HELOC for the down payment AND getting a loan, then you're probably negative cash flow given that's 100% leveragei would never do that unless i were going to refinance in the short term

You’ll also want to know how they handle rent collection and late payments and if they can provide references from other investors they work with.A good investor-friendly agent should have a strong network of professionals like contractors, inspectors, and lenders to help with your investments.

My investors acquire with cash as a routine investment strategy to secure properties quickly and eliminate competing buyers using financing.

MattIRA sells and owner finances the property for 200k and gets 30k down payment.

Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.