The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

As a new fix and flip investor lenders will typically want to see 20% down payment and will be able to fund 20% of the rehab budget (80% LTC). 

She originally asked for 2 balloon payments.

You can also do value add STR & Multi-Family Rentals by starting with distressed properties and using a bridge loan to acquire them with a lower down payment compared to a DSCR loan.Networking – Connect with local investors, wholesalers, and realtors in your target markets.

Keep in mind of the I/O(payments/period) and game plan on how fast you'd like to pay it down. 

I'm very new to investing and weighing which options would benefit me the most.Option 1:  Use the cash as down payment on another primary residence and rent out the current.

It's going to be challenging to find another house hack with as low of a monthly payment as you currently have, given the low interest rate.

On my properties about half of the mortgage payments go into escrow for taxes.

Appreciation of an asset with low down payment, tenants paying principle down, tax advantages, all reasons why real estate is an investment of DOING.   

I would say keeping their crews busy is a must when there is always another investor who needs a good reliable contractor.