Once you've shortlisted potential properties, research local zoning regulations and schedule physical viewings to confirm modification potential and overall condition, considering bringing along a contractor for a preliminary assessment of conversion feasibility.

that would lower your down payment requirements - you could keep your primary as a rental, and move into a househack. 

DSCR lenders will run personal credit (which, along with LTV and DSCR, is among the three biggest factors determining your rate and terms) and typically require three to six months of PITIA “reserves” in liquid assets.

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.

Your true test will be how well can you handle the day to day as well as the major operational requirements of the arbitrage business as you scale.

If you want me to drive to you; provide consultation, lay outs, code requirements etc, then I charge for that.

Plus you need to check and see if they require you to use them as management.

This would require a land use attorney as every jurisdiction is very different.

If your next projects require rehab, you could use a fix and flip loan initially and then refinance them into a long term loan (BRRRR strategy).

There are requirements in the middle here that have nothing to do with the estate and are controlled by the lender as @Lynn McGeein said.