Just to disprove your theory...by your logic, my first page search impression should be much lower than 80%!  

The couple's current rent is similar to ours The sister is has no rental history due to a recent divorce.We're torn given 2 out of the 3 people have lower credit scores and it's not a family moving in.

So the lower the interest rate on the subject to loan, and the higher the prevailing rate, the more chance that a lender will initiate action.   

Go for a lower downpayment. 

.- Investors get access to real estate cash flow with lower costs and no landlord responsibilities.- The whole process is simplified—no co-ownership legal headaches.I’m curious about the pros and cons of something like this.

Try looking for lower priced mobile homes on private property that need to be moved. 

The entry price is too high.The trick is to get the second acquisition at a lower entry, so you can rehab and refinance 100% entry costs out.

We looked at a couple different options as far as % downpayment and I figured I would refinance in the near future to help the payment get down lower.

On houses below $200k, the 70% rule gives you too low of a profit - you need to lower it the lower you go (ie a $100k ARV would probably be a 60% rule).

If they can't justify the charge immediately and specifically, then it's probably just a money grab.Remember: lower fees don't mean you'll make more money.Start by going to www.narpm.org to search their directory of managers.