Risk is very low.

Most big money cars are all orIgInal have very low miles have number matching everything , have rare options ( HURST )and don’t get drove .

For a discussion of the roles of Fannie Mae, Freddie Mac (FHLMC), and Ginnie Mae (GNMA), see the Library.Fannie Mae's Community Home Buyer's ProgramAn income-based community lending model, under which mortgage insurers and Fannie Mae offer flexible underwriting guidelines to increase a low- or moderate-income family's buying power and to decrease the total amount of cash needed to purchase a home.

The splits vary, I've seen as low as 15/85 to as high as 50/50.

I wouldn't want it that tight based on a low renovation budget to begin with. 

LOW barrier to entry.. 

@Sean Jany A couple things jump out to me looking at it: 1) your closing costs seem low, 2) the monthly projected income seems off compared to the property description, are you running your numbers based on it being fully rented out (even though you'll live in one unit)?

They're a little pricier than traditional conventional rates, but with good credit they are in the high 6's, low 7's on a 30 year fixed. 

I would say hiring a low cost contractor is the way to go with this.

On the SFH we own with the high equity and low return, unfortunately we moved out in 2014 but that’s a great idea for future reference.