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.

I have been narrowing down some markets and trying to explore/research more and network.

@Luke Hamlin you can buy a second home with 10% down with a Conventional loan.

If the city decides to enforce inspections later and your property isn’t compliant, you may need to make costly updates to bring it up to code.It ultimately comes down to your risk tolerance.

When I inquired about it, plumber said lining, it is usually not prefect since this is PVC breakage not just pipe cracks and the cost saving is not significant enough and maybe headache down the road.I will try to get more quotes and maybe a company that specializes in pipe lining options.I was told foundation work / under slab pipe repair is common in the Dallas TX area due to soil type.

We have an LOI accepted on a property where the seller is going to carry roughly half of the 25% down payment.

Concentrate on your development cost and keeping them down and the deal will pencil.

You may have to put more money down (10-15%), but you can close, in a LLC, with no worries about banks.

Minimum of 25% down is required 5.

The amount of cash flow on a home will of course be contingent on the down payment.