As for numbers, I currently owe $86,151 on the mortgage, and on Zillow it is listed at $143,600 but the numbers seem to be inflated on that site.  

Normal mortgage rates are in the high 6's now, for a personal residence, and higher for an investment property. 

@Kayla Elliott  Hi Kayla - this was a commercial mortgage loan with a local bank, that held it "in house" after it was issued. 

2.Are there strategies to reduce the required down payment or secure better mortgage terms?

I had specifically asked for numbers including mortgage payments and they emailed to me.

For the property I purchase, I’d like to keep my monthly mortgage payments at $2,000 or less.I prefer a turn-key property since this is my first rental, and I want to start generating monthly cash flow immediately without the delay of repairs or managing two mortgages.

Quote from @Shawn Questa: Hi all,I am curious what some of the Pros would do to Help a Seller in this situation while making a Deal happen.I found a 200+ day old MLS Listing where the Agent said the Seller is in Financial Ruin, hasn't Paid the Mortgage in a year, owes about 180k on an approx. 210k House and multiple Buyers have backed out.I don't know how someone could not Pay their Note in a year and not at least be in Pre-foreclosure. 

A huge mortgage company, simply won't have the time or the bandwidth to accomplish this.  

The mortgage company should give you several comparables.3.

In fact I can have half of the rooms occupied and still pay the mortgage.