(use it as down payment or cover what I can) and apply for whatever I need in that state to cover the rest.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

I ask since a property we're purchasing is going to be leased to a group home organization, and if we were to get the home appraised after a seasoning period, we could refinance and pull our down payment out.

Reduced housing payment.

DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.

It’s the lowest down payment option and if you hate it no worries put a traveling nurse in the unit or rent it long term.

20% down payment will be personal cash that I’ll put into the LLC as a capital contribution.

I paid 2 payments and he is not asking me for the 3rd payment in months now because I have paid already 80%.

David, I like the ideas of, 1. see if a slight reduction in rent will solve the payment problem and 2. leave all communication thru the PM. 

Purchased for 500k, I brought the deal had a friend bring the cash which was roughly 50k for the down payment and rehab.