As of now, I have saved up enough money for a down payment on a fha loan, and my income is expected to meet the loan qualification criteria soon (with my parent co-signing due to my limited income history).

You can also purchase other properties with 80-85% LTV, thus minimizing your down-payment from the aforementioned 30%.

Financial aide payments are not always the most consistent.

I only have access to about $30K so not enough for a 20% down payment.

In the case that you do not have that necessary cash yourself (for a down payment), you could still offer a second position to an investor for that down payment and then restructure for a longer term with less interest later.

For instance, if the cash value exceeds the total premiums paid, the excess amount is taxable as ordinary income.Risk of Policy Lapse: If the policyholder cannot maintain premium payments, the policy can lapse, resulting in the loss of the death benefit and potential tax liabilities on the cash value.

Reduced down payments are possible for multifamily buildings using financing options such as FHA loans, which are less expensive than traditional loans.Find local programs that can help with a down payment, look up programs in your region, get in touch with lenders or mortgage brokers in your area, and fulfill the eligibility requirements by attending homebuyer education workshops.

In general if sellers are looking for a larger down payment we try to introduce them to local credit unions or lenders that can utilize compensating factors for qualifying on more favorable long term financing solutions. 

For payment, pay them separately NOT via rent credit.

I don't consider an application received until I have all the supporting documentation, picture ID, and payment.