@Chris Cozzens FHA loan is like a regular mortgage except you are only putting down 3.5% instead of the traditional 20% down payment.

Propertyware is one of the finalists for the PM software of choice for me. 

When you and the buyer have an agreement, take the signed offer and their check for the EMD to your title company of choice and open escrow.

.$25,000 Down Payment$25,000 traditional mortgageThis makes up the purchase of the home for $50,000$15,000 plus a couple of months for repairs to get it ready to rent.Refinance the house leaving $25,000 of equity in the home and taking a mortgage for $75,000 from a third party financer and not a traditional mortgage.

Her first choice housing option opened up.

Success is a process, failure is a choice

The choice is either to buy and risk all your egg under one tenant or reduce your risk and hope all four tenants stay. 

There are more traditional capital invest calculations like NPV and IRR.  

I realize most people do not have the luxury of purchasing outright a property and financing is their only choice…but even in that choice what are the optimal level of maximizing cash flow by altering your down payment percentage?

I'm a part time investor and bought house number three in June and I've been working towards creating a solid financial picture for banks to get traditional financing for a fourth buy and hold deal: paying down debt, saving six months reserves, filing taxes to show rental income to lower DTI,  and rehabbing (Higher HELOC appraisal)  It's been pretty quiet on my real estate front and I've been wondering if I should be more active trying to acquire house four through creative financing, or mailing yellow letters?