If you're trying to get a traditional Fannie/Freddie backed loan from a typical bank that is selling REOs, they're going to look for a 680 credit score and about 20-30% down these days...

Most traditional lenders will not allow a second mortgage on the property for the downpayment especially is the combined mortgages equal 100% of the purchase price.

I have been using traditional commercial loans (i.e. 20% down, 20 year amortization) to finance our real estate purchases through a credit union. 

So if your going to have a only a few properties you may want to use traditional financing and look at an Umbrella Insurance Policy for a higher limit. 

Quote from @Christian Ehlers: Definitely make sure to visit both areas before you buy if you can, that way you can learn which areas you like and which are the nicest.

Which is very strange as other condos in the same residential complex got sold, even the ones that got listed after my listing and priced more than my listing.I finally gave up trying to save some money and reached out to a realtor (with traditional fees) and he informed me that I need to cancel the contract with the Flat fee service first.

Generally, private lenders move far more quickly than traditional capital sources such as banks.4.

Example timeI buy first house to house hack with traditional mortgage.

I have never actually paid any of my mortgages, tenants have been paying them for me so I feel the traditional home loan guidelines don't really apply for me as an investor...

We see it as a win-win.... we can 'make money' out of our management skills like having less than 2% vacancy, very long term tenants, low repair costs etc... compared to some traditional PMs.