As others mentioned, you might want to talk to a private lender or try to get seller financing.

(If it's Self Storage - PM me or check out some of my other posts on Bigger Pockets for some more insight.)Think of the latter (passive investing) as being a private lender, Equity Investor, accredited investor or something of the sorts that gives you opportunity into a multitude of investment opportunities. 

Do you already have the deal and private raise for the 40% down?

I used Hard Money, and Private Money How did you add value to the deal?

I've always felt that wholesaling and private money are the best ways to get started.

I'm open to using a private money lender, however I also see intrinsic value in establishing a relationship with a local bank.  

Sherelle – thanks ..there are several versions of the 3 % conventional program…there is one that requires income being below county income limits ( see link below ) and there are also programs that do not have the income limitationThe income limit look up is here - https://homeready-eligibility.fanniemae.com/homeready/Pre-approval is open ended with no expiration date ..we can update data in your file as needed ….credit report does need to be rerun every 4 months …Data needs for pre approval is faitly easy and straightforward ..see checklist 2 most recent bank account statements 2017 2018 W2s 2 most recent paystubs 2016 2017 tax returns ( 2018 when available )Copies of driver licenses Completed loan application and signed initial loan forms I have emailed you the same information too .

Private Money Loan How did you add value to the deal?

100% syndicated funds with our private equity partners in a Reg D 506B offering.

So far I like Festival and Soltara because I can have a small private plunge pool in the lanai plus the resort pools.