Thanks for your help.The advantages of house hacking/ buying a primary first over an investment property are that your down payment can be much lower (3-5% instead of 20-30%), and your interest rate will be much better with an owner-occ loan also (usually at least 1% less than investment loan).

While it provides opportunities for buyers who may not qualify for traditional loans, it's important to ensure affordability and long-term sustainability.

Lucy: your story shows that setting up a loan is more than just interest rate and other terms.

Last property I bought had 8-9 offers.New York has a lot of downpayment assistance grants and loans. 

As a Ny'er We chose to invest completely OOS as Ny landlord tenant laws are not the best if you are considering holding long term. 

To maximize your investment, use financing options like FHA or conventional loans, analyze deals based on cash flow and cap rates, and network with local investors through REI meetups and BiggerPockets.Good luck!

Remember this is a marathon......That said are you planning to flip, hold(short or long term?)

How can they not get loan with good fundamentals?

We have a somewhat specific wishlist for lending requirements and terms that I will highlight below.

They were thinking of planning another one that required massive loans (7 figures).