As Guadalupe said above, a DSCR is a great option for buying with a lower DP but it comes with the caveat of higher interest rates; and as Nate said, National Bank of Coxsackie in Glenmont is a great local bank which wont sell your note to larger banks.

We were fortunate to buy a house that was almost entirely turn key so construction wasn't needed.

And buy your next primary residence. 

If he is a contractor, why not buy the house personally and pay him a fee for his services.If hes a realtor, why not just pay him a commission to buy the house.Best of luck

Investment Info:Single-family residence buy & hold investment.

Here's the challenge: If the numbers work with a low down payment, why wouldn't an investor putting 20%-30% just buy it and could likely offer more?

A solid lender, contractor, and property manager can make or break your first few deals.What strategy are you leaning toward first—flipping, BRRRR, or buy-and-hold?

Many people don't realize that you gain as much or more net worth through debt pay-down, and while it's less liquid than cash flow, over a 5-10 yr hold period it's considerable if you buy in the right areas with the right asset class.

Unfortunately, many new investors drool over how many crapboxes they can buy and brag to their friends about owning.

I am always looking to buy a good deal and I work with multiple buyer investors.