The Program utilizes forgivable loans called "Deferred Payment Loans," which require no monthly payments to subsidize the required costs of rehabilitation.

Your idea to utilize AI for simplifying the research and management of deals sounds promising, especially in a dynamic Dubai new developments, where new projects like Dubai Creek Harbour and Palm Jumeirah are constantly emerging and require vigilant monitoring. 

The key requirement is that the property you are purchasing with the 5% down payment must be owner-occupied and primary residence.

My earned income will be going towards my own house and living expenses with little left over for investing out of pocket.How did you overcome the challenge of not having enough money for your first deal?

Just simple record of properties, manage tenants, collect applications, track payments and expenses, maintenance etc. 

Bloomfield looks very promising overall given the pace of development there and the fact that Jersey City and Hoboken are too expensive these days.  

The lending terms (specifically the down payment requirement) are generally much more favorable for an owner occupant and you can always convert it to a rental property down the road.Good luck!

After you have done a few deals locally, then you could look to expanding into more expensive markets.There are a bunch of classes and mastermind groups out there.

If you’re looking to take extra cash out generally this season requirements start at 90 days, some lenders are six months.

I didn't see you account for soft expenses for the rental.