This vary heavily town to town. 20% down is great if buying strictly as investment but if you have a way of owner occupying I would explore that route and apply the 20% down to increasing value of property and instead using low money down loan. 

., Purchase Price: $475,000 ($197.9/sq. ft.).Estimated Market Value: $402,000 ($168/sq. ft.).Financing Terms: 2% interest rate, with a 9-year balloon.Unit B Income: $2,049/month (Section 8 tenant through November 2025).Unit A Income Potential: Similar rent or higher; Section 8 cap for the area is $3,234/month.Monthly Loan Payment (P+I): $1,386.Cash Flow Breakdown (if both units are rented at $2,049/month):Gross Rent: $4,098/month.Vacancy (10%): $410/month.Operating Expenses (37.3%): $1,376/month.Net Cash Flow: $943/month.Key QuestionsWould you be comfortable paying an 18% premium for financing at 2%, especially in a market where current mortgage rates are closer to 7%?

Loan is just over $108k. 

There's no current loan on it right now.

I assume you’ve got a loan that says you will be living there.

You can buy a rental house, put $60,000 down and you will have to get a non-recourse loan for the rest of the mortgage.

If it is with HUD, did they foreclose or is HUD servicing the loan? 

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

Are LPs entitled to see foreclosure, bank loan related docs?

We financed this deal using a residential VA Loan.