You can buy a rental house, put $60,000 down and you will have to get a non-recourse loan for the rest of the mortgage.

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

I know in Columbus a lot of community banks are doing loans on 2-20 units.

House hacking is using an owner occupant loan to get into a home or a 2-4 unit property.

You could get a loan from a local bank or private lender to fund it

Conventional 30 year loan.

These are the key to getting a loan.  

When this person goes bankrupt in the next recession, this loan will be part of bankruptcy proceedings.

Interest rates decreasing a little more will be necessary to make this possible, too (DSCR loan).Also I will have another deal refinanced by then and gain about $70,000 of capital from refinancing that.