At that point, I'd rather use hard money to fund the downpayment and go the conventional route - at this point at least.

We would either keep it as a cash-flowing rental property or fix it up and move in to it and rent our house.

Are you using particular marketing strategies to do so?

We have been putting most of our extra money into retirement accounts before this.

I’m contacted multiple times a week by individuals who buy lousy real estate in Philly and I hear “ but the agent told me” or “the wholesaler promised me” it was a legal use…the rents would increase…..I could rent this section 8 and achieve xyz rent etc. etc.  

Hey Luis, I live in Brickell very close to this property and also manage properties in South Florida. 

There is typically a tiering system that we use as lenders to tier your experience and also look at your credit. 

A friend of mine is using Community Bank of the South, which has 3 branches in Central Florida. 

Even though I know more about this town than just about any other, the numbers don't meet up for me right now.

@Tar-U-Way Bright Using FHA loan you should be able to house hack a $300-350k home for $15-20k.