We aren't turnkey in the traditional sense, but we do find investment deals in OKC.

first of all let me say, there is NO one size fits all when it comes to loan programs. what makes sense for you may not make sense for someone else, so take my opinions here as exactly that - my opinion. i am personally not a fan of DPA. reasons being the rates are always higher than traditional counterparts, and they're not usually even gifting you any money.

I used a traditional 20% down conventional loan for an investment property.

My 2 Cents: Cashflow: if your property can make cash flow inspite of the vacancy and other things today, going for a mortgage, you are good now  and for the upcoming future. traditionally, During recessions, the rental values haven't changed mush and the prices of homes fell but the amount since you are already baking into the calc the todays high prices, when they go low you can refinance and then be good on lowering the payments. remember the cashflow is the principle that is being paid to mortgage and Net income after mortgage payment. 

We are now going to rent the property at out as a traditional rental.

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He has no financing contingency in the deal because he's not concerned about getting financing.With that said, it does give me significant peace of mind knowing a traditional lender is likely to use a max 90% CLTV. 

When they leave, they usually either have one of their tenants take over some of the maintenance responsibility, or they just convert it to a traditional rentals and use a PM.

For the first several years, financing was limited to conventional means, whereby you would have to settle for qualifying for a traditional home mortgage, or non-QM “2nd Home” mortgage, qualifying through your own personal income and DTI.The ProblemThis type of financing makes it incredibly hard to scale, as without being able to count significant STR income to your bottom line, banks would judge you unqualified to add properties and mortgage debt because your W2 or long-term market rent (typically half of what you earn on an STR) was too “low.”

$60k down from liquid cash and traditional 30 year fixed How did you add value to the deal?