Specifically, I'm interested in finding a lender that allows a 10% down payment on investment properties.If anyone here has experience investing in these areas or has any lender recommendations, I'd greatly appreciate your insights.

I have restrictions on both that do not allow any sort of "vacation rentals" and a minimum 6 month lease requirement.

@Munjal Adhvaryuare you able to travel in person to your target market to build a team and look at properties?

@Cliff DurrettIn some instances the first will take a discount to give the second some money, but in this instance they are so underwater I don’t think the second will approve this as they are basically getting wiped, and they have much higher BPO’sAlso be aware the lender may satisfy the loan but not release the debt, meaning they will allow for short sale but then get a judgment to have the balance of Debt validated and still owed

I’m thinking builder won’t touch without bank allowing them.

Yes & no - I see what your perspective is in terms of doing due diligence, but its up to the current owner to allow you to do that. 

Hi Tracey, We use Melvin from Panda Homes (can't post contact info as BP doesn't allow it) he does design and construction so he can also help expedite your plans.

@Zak House I would not allow that many pets.

Your brokerage would have to allow it as well, would most likely be outlined in your independent contractor agreement. 

If the PCR (Property Condition Report) identifies the property as IE (Insurable with Escrow) the, yes, a lender may allow you to fund an escrow account at closing.