In this scenario, how does that help someone save first mortgage interest and enable them to have capital to nab investment properties? 

Realtor - should not be afraid of the 203k, but doesn't need to be very experienced with themLender - should have verifiable experience with the 203k; does not need to be a "local" lender; HUD has 2 lender databases where you can find the most experienced 203k lenders. 

Unfortunately there is not a nationwide database of vacation rental regulations broken down by different areas of the country because there are so many nuances and rules, and the rules are constantly in flux.

Then I would hopefully be able to get a second home loan and put 10% down on a STR in a year.Question: As a first time home buyer is it best to buy a house and rent out a room to friends which would enable me to put less down or should I put 20% down on a STR that I know will cash flow very well however it will take a good bit of my investing money?

I start with a property on my list and punch it into google maps, if the area has other homes in the neighborhood that may need work i make my way up the street using my mouse and target other homes that may need some "tender, love and care" copy and paste the address into the database for properties we may be able to work with.

We offer turnkey properties and a large wholesaler database.

This includes combining the relationship-driven approach of private money lenders with the asset-backed focus of hard money lenders.4.2 Risk Mitigation:The convergence enables lenders to diversify their risk exposure by incorporating elements of both private and hard money lending.

This enables you to start building wealth while also reducing your living expenses.

To me, hook ups represent a one time expense that enables you to increase rents without the ongoing maintenance that comes with owning and replacing machines. 

My clients typically find it really enables them to get a grasp on expenses and cash-flow.