A first position lender (the one that provides 75% loan) would not likely loan you money if you don't have "skin in the game", i.e. down-payment.

With little experience in the note game and never even been to Arizona it was extremely easy to manage.

*One unit will be occupied by me*The current deal(s) I have negotiated -Purchase Price: $518kCredits: $7k credit for closing costs (from owner)Financing: 3.5% down ($18.1k down)orPurchase Price: $539kCredits: $7k credit for closing costs (from owner) and $21k credit to my pocket (cashiers check).Financing: 3.5% down ($18.9k down)Essentially, I get my down payment back and have no skin in the game.

I haven’t bought a property for a couple years and I’m looking to get back into the game.

I have thought about trying the STR game, but there seems to be a lot more work that goes into them over the long term or you need to be able to find people who can run all the systems for you. 

If you borrow 100% of the purchase price, you have no skin in the game and it's easy to walk away.

Most investors say their actual expense rate is closer to 50%, but for investors who do their own repairs and are on top of their game easily get their expense rate to a little less than 30% meaning much higher returns on their investment. 

You just have to wait it out and play the game, hoping you'll get reimbursed somewhere down the line.

Prior to that I had Hughesnet for six years-they were the only game in town-and it was a very torturous time.  

And as Nathan said, you live in The Worst state for landlords.......if you insist on doing business there, you'd better make sure you know the rules of the game...you may have got off easy this time....