This can be even lower with down payment assistance if you qualify. 

So if you are looking to have a steady fixed payment every month, this would not be a great option. 

The 60%  will give you the best possible financing terms and assuming good credit still give you enough cash flow to cover routine maintenance/vacancies with a payment around 1100~ a month. 

Curious of what other investors have done, thank you. best way to save for a down payment is a j.o.b. 

I feel like I remember hearing one of the podcast or somewhere that the appraised value of timber on the land can be used as down payment for purchasing the land.

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

Private money lender, 100% financing no payments for 30 months, interest only months 30-60.

Funding: my plan is to shop around hard money lenders for purchase and rehab for best rates/fees/down payment.

Plus they’re going to sell the loan before you ever make your first payment, or at least DR Horton did. 

Private money lender, 100% financing no payments for 30 months, interest only months 30-60.