For a 30 year Conventional loan, I'm at 6.5% rate (6.808% APR) for a duplex, 95% LTV, 780+ FICO, owner occupant.And I'm assuming they're paying $2k of your closing costs - not your down payment.

That way the lender has an idea what it is you are doing and cost.

Xeriscaping (low-water landscaping) is increasingly mandated in many HOAs, and buyers are scrutinizing water-hungry features like traditional lawns.Rising Construction CostsMaterial costs have fluctuated significantly, and labor remains tight in the Phoenix construction market.

The costs of starting an LLC vary depending on the locationI personally think putting your investment property in an LLC is a great move for protection. 

While this can maximize leverage and ROI, challenges include getting lender approval for seller financing, high carrying costs, and the pressure of short-term loans.

There's no cost to use, and currently $25 fee for applicants. 

A duplex is a great way to start because that renter will help with your monthly out of pocket costs and it's a convenient way to get into real estate investing.

Keep in mind the potential for higher renovation costs due to older properties and the local landlord-tenant laws.Good luck! 

Combined that can cost $50k+ which they may not want to pay nor their is the possibility they would not they pass the DD report.Nothing wrong with raising money in this fashion (FB or online ads), many do it and are great sponsors. 

The last deal I did like this, I bought a $145K home with about $10,000 out of pocket for repairs & closing costs