I am OK with this however finding the building (searching for the last year) has been difficult. 

How difficult is it to fund a 80/20 or 70/30 split for financing.

mini recap on the numbers:530k purchase, 5% down, 7.5k seller credit.Cash used was: 80k rehab + 30k down and closing costs + 11.4k holding costs = 121.4k Current loan balance is ~502kLooking for my next steps with @Landon Hoon on how to best use the equity gain.

That helped us get through the rough part of the renovation.Community banks and credit unions may do this, though the loan balance is quite low. 

And that some will disagree with as well."1% rule" = monthly rent should be at least 1% of acquisition costs; for some, acquisition costs include all purchase related costs PLUS any repairs / improvements needed immediately upon purchase."2% rule" = monthly rent should be at least 2% of acquisition costs; this rule applies more so for lower rent amounts, roughly $500 (and lower), and can be difficult to meet this rule at higher rent amounts.

@Ciara Coleman It definitely makes sense that it would be difficult to move around a lot with work and a young son.

She said she would be extremely difficult to find  a new place in the next 26 days with the weekend. 

My Property Manager tells me that 3 bedroom units are actually more difficult to rent out (in this area) and the tenant quality will be worse.

Owner Financing Terms: $120K Purchase Price$3K Down$117K Balance - Paid Over 25 Years$400/month note0% InterestNo Pre-Payment Penalty - Actually 10% Deduction of Balance to Pay Off at 15yearsUnit A:Current Rent - $650Monthly Expenses: Note: 200Taxes: 28.71Escrow Services: 35Insurance: 100Property Management- 10%: 65Maintenance - 12%: 78Vacancy - 8%: 52Garbage: 13Total monthly expenses day 1: 571.71-65 while self-managed = 506.71Unit A Current Cashflow: 143.29Notes: Market Rents - Around 700-750Considering making tenants pay for garbageInsurance may go up as I have yet to review the policyEscrow services may be $35 for each property or $35 for bothUnit B: Current Rent - $475Monthly Expenses:Note: 200Taxes: 28.71Escrow Services: 35Insurance: 100Property Management- 10%: 47.50Maintenance - 12%: 57Vacancy - 8%: 38Garbage: 13Total monthly expenses day 1: 519.21-47.50 while self-managed = 471.71Unit B Current Cashflow: 3.29Notes:Market Rents - Around 650-675Considering making tenants pay for garbageInsurance may go up as I have yet to review the policyEscrow services may be $35 for each property or $35 for bothThoughts?

Owner Financing Terms: $120K Purchase Price$3K Down$117K Balance - Paid Over 25 Years$400/month note0% InterestNo Pre-Payment Penalty - Actually 10% Deduction of Balance to Pay Off at 15yearsUnit A:Current Rent - $650Monthly Expenses: Note: 200Taxes: 28.71Escrow Services: 35Insurance: 100Property Management- 10%: 65Maintenance - 12%: 78Vacancy - 8%: 52Garbage: 13Total monthly expenses day 1: 571.71-65 while self-managed = 506.71Unit A Current Cashflow: 143.29Notes: Market Rents - Around 700-750Considering making tenants pay for garbageInsurance may go up as I have yet to review the policyEscrow services may be $35 for each property or $35 for bothUnit B: Current Rent - $475Monthly Expenses:Note: 200Taxes: 28.71Escrow Services: 35Insurance: 100Property Management- 10%: 47.50Maintenance - 12%: 57Vacancy - 8%: 38Garbage: 13Total monthly expenses day 1: 519.21-47.50 while self-managed = 471.71Unit B Current Cashflow: 3.29Notes:Market Rents - Around 650-675Considering making tenants pay for garbageInsurance may go up as I have yet to review the policyEscrow services may be $35 for each property or $35 for bothThoughts?