To qualify, you are going to need a sponsor/loan guarantor who meets these requirements to sign on the loan.Your best bet is secure a 20% to 25% down commercial loan, raise money to fund the down payment, and find someone to sign on the loan.

It's incredibly difficult to secure a contract on a property with all the right numbers when families are willing to overpay for almost any property.

I need to look into other sources of lending, namely, private money.

After I had a few of those properties by the time I'm 25-26, I would use a 1031 exchange to hopefully trade those into an apartment complex where things would really get rolling.On the other hand, I'd like to get started as soon as possible and have a potential private money lender offering to lend up to 80k to get me started in real estate (I know this individual very well and they have a lot of faith in me, they can see how passionate I am about it).

If so could you private message me or email? 

I talked to him, and he says the way these work is you secure landlord insurance like you normally do, then you add an Airbnb rider through these special companies. 

I have a credit score above 800 as well and my assets have proven to be good money makers, my next property in the spring will be my stopping ground for a while so I can build up a solid security fund (currently $8K - shooting for $30-$40K).

Do security deposits accumulate interest in favor for the buyer?

Thanks, I believe he is working with private funding now.

But it could also be an 8% private money loan with any range of terms, or a 12% hard money loan with full balance due in a year (sell or refi before that basically).