In alignment with Jason's suggestion, it is advisable to explore various financing options for your property acquisition, potentially enabling higher leverage.Regarding the advice from your Realtor advocating for more expensive multifamily properties due to reduced competition, it is crucial to critically assess whether this aligns with your investment objectives.

It seems fairly difficult to get into something there but I may reach out in the future @AJ Wong if we decide to move forward.I don't live in the area so it wouldn't be a hosted rental situation @John Mason but it's good to know about that option. 

Hi Joseph,As you experienced, most lenders won't go below 100k, but there are options out there.

My father served in the Navy for 4 years - Can I do a joint loan with him and utilize the VA loan options? 

Start by talking to your bank to find out how the debt impacts your ability to borrow and what your options are.

It may be difficult to get numbers on renting by the room, but I would compare it to your prospective tenant's likely options.

I have heard that there are a couple different options. 1.

Their name is Southern Impression Homes, and they build new and set up property management and are positioned as a turn key investment opportunity.

I think you're saying you'd like to make a deal with the buyer to purchase the property, however, because they don't have title, it's not the buyer's property to sell.In that instance, what you could do is offer a four-year lease during which time you make payments that would cover their payments to the owner, and an option to purchase.

Lots of low cost options to get in dependent upon credit, etc.