However, the nest few years are the proverbial time that Warren Buffet refers to we has stated that when the tide goes out, you see who's swimming naked.

Then a duplex owner occupied 15% conventional Then another duplex 15% conventional then another triplex 10% down FHA 203k (massive rehab).House hacking each one each year.

And the cathedrals in cities are being torn down or turned into tourist traps.I don't know if there are other reasons but some of these payouts are absolutely massive.

My wife and I bought our first house which was a massive fixer upper; gutted 3 bathrooms, the kitchen, and the basement, refinished the floors, removed years' worth of black mold, and polished the exterior/yard.

If your goal is to maximize leverage and put very little money down but the seller wants a massive down payment, it's unlikely that the deal will land. 

@Jacob Vargas Have you experienced massive appreciation on those properties?

My fiance and I have no desire to intentionally break condo rules, that sounds like a massive headache.

A few more things to consider this is for short term rental, you can get massive tax benefits in the first year.

Sometimes (often) they'll be massively underspending on repairs but unknowingly overspending on other items.Also don't be too afraid of making offers that get rejected.

Not to mention, the value of investor buyers who will only buy at a massive discount is negligible in many respects unless, again, that buyer is willing to be loyal.