Look at this:"In a significant policy change, Fannie Mae has announced that, starting from the weekend after November 18, 2023, it will accept 5% down payments for owner-occupied 2-, 3-, and 4-unit homes.

@Andrew Coletta you're going to have to find fixer-uppers to BRRRR.If you look on the MLS/Zillow, you'll need to search for key words.Start networking with wholesalers, just do NOT trust them.

Trusting your numbers, it sounds like the current value of the property is around 155k if not less.

Acquire the land through a seller-financed deal for the deed to the land and use it for collateral to cover the 20% down payment needed for the construction loan.

Hi @Anthony Caiafa - I currently have several flips with a trusted GC where we are a 50/50 partnership. 

If you want to operate as a co-host, you'll need the property owners name on the lease and the rent payments need to go directly to the owner.

Evaluate your savings, income, and outgoings; moreover, educate yourself about mortgage alternatives and programs that help with a down payment.

In the past I have asked for a higher deposit but I just dont want to deal with any potential non payment issues nor evictions. 

I don't remember when was the last time that I have to go on IRS and/or my local taxation website to file payments personally. 

My current home loan is a heloc and its pretty much maxed out from using it for a down payment on the first property and its also climbed to 9% so I  need to get it redone to a traditional mortgage and get the rate down on it.