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.

I reached out to local attorney for LLC, rental law etc and they only take cash or check as a retainer and payment. 

Texas is pretty quick to foreclose and should only cost you about 2k for the attorney.Once you take the property back, get another down payment, but make sure you qualify the buyer with an RMLO.

I am seeking ways to get back past rent payments.

Perhaps this was short sided, but the real benefit to us was that it cut our living costs by almost 50%. 

I’m in the PAYE repayment program where your payment is based on your income.

As a general rule of thumb, I usually strive to keep about 2-3 months of mortgage payment reserves.