I don't mind doing some light cosmetic work like painting for my first property but nothing too involved.

Can anyone shed some light on what kind of down payment, terms and qualification requirements we would typically be looking at for an SBA or low down commercial loan?

Purchase price: $390,000 Cash invested: $390,000 Brand new construction nestled in the Grovemont neighborhood and conveniently located just 15 min from downtown Asheville & 10 min from Black Mountain. 3BR, 2.5 Bath, front and back deck, nice natural light.

The interior was made up of high efficiency HVAC systems, contemporary lighting, and electric water heaters.

Creative strategies like lease options allow investors to control properties without owning them upfront.

Planning on doing a light reno to replace carpet, repaint, etc.

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

You can also make your place more trouble-free by fixing things up front that are most likely to break (new light fixtures, light bulbs, door locks, etc.).

I'll also give them a list of "must haves" based on comps as well (for example oversized kitchen island, dedicated powder room, minimum 48" hallways, large master closet, lots of windows for natural light, gas fireplace, minimum 10' ceiling in great room, consideration of sun exposure, etc).Also if you give a good architect your budget (for example I need to be able to build this for under $350/SF) then they will design something to fit that budget. 

One said I needed one type of exit light, while the other said the municipality couldn’t make me do that kind of thing and I could go with a different cheaper option.