Different loans have different seasoning periods - so you'll want a nonQM loan with low or no seasoning and that will still allow you to use the higher of the new appraised value vs the original purchase price.

@Joe Mills be extremely careful on the values of the homes in the total value.

Maybe that's a low blow, but you get the point.

Obviously, we would do that 30 year loan option otherwise you would be bleeding money....I mean, you will still be significantly negative going this route even with the 30 year loan, but you can still have a low downpayment option if you want to purchase move-in ready homes. 

@Nolan Mahoney, if you're looking to buy another primary residence with low down payment, DSCR is not an option you should consider exploring as many may suggest.

The rental comps would bring in $1200 - $1500 profit per month (the fixed interest rate is very low).

Naturally, some of the COVID era high rental growth darlings such as Phoenix and Tampa have gotten caught in the mix.Conversely, markets with low supply, including some in the Midwest, saw rent increases of over 3%.

I typically recommend Nation's title services as they have very low fees. 

Right now, raising money is extremely difficult especially for MF.

Also in many zip code in bay area the low comp and high comp could be as wide as $400 PPSF !