If a newbie is investing in Baltimore City, they should stick to the locations where the housing stock is in better repair, the tenant base is better, and where there is rental demand.

Hard Money loans seems like it could be a good option for you.

I was looking at the TCU and Joint Force base area.

Pool townhomes are usually a better option.

Since I feel I see two options I can think of.- Buy duplex with FHA 3.5% and look for another property like fourplex- Buy duplex with conventional loan 20% down and wait until gain another downpayment 

Here are some tips and insights to consider as you begin building your real estate portfolio:Options:Refinancing: If you have equity in your condo, consider refinancing to access funds for future investments.Investment Loans: Explore options like conventional loans for financing future rental properties.HELOC: Depending on your equity and financial situation, a Home Equity Line of Credit (HELOC) could provide flexible financing for down payments or renovations on new properties.Build a Financial Strategy:Budgeting: Create a detailed budget that includes mortgage payments, property taxes, insurance, and maintenance costs for your rental property.Cash Flow Analysis: Calculate expected rental income versus expenses to ensure positive cash flow.Emergency Fund: Set aside funds for unexpected repairs or vacancies.Research the Rental Market:Location: Choose rental properties in areas with strong rental demand and potential for appreciation.Tenant Profile: Understand the demographics and preferences of renters in your target market.Market Trends: Stay updated on rental market trends and local regulations affecting landlords.Property Management:Self-Management vs.

Hello Jared Schott, regarding your situation, here are some considerations and options for managing the $280,000 gap: Second Mortgage: You can seek a second mortgage or home equity loan to cover the $280,000.

My husband and I would like to propose some creative financing options...potentially offering a lease-to-own style option?

Listsource you can pay per lead or get a subscription. what are you using the data for and what lead types / properties are you looking for?

Another option is to have cash saved for the rehab-- it really depends on your situation and the extent of a renovation.Start hitting up lenders in your area and see what they can share-- each bank might be slightly different.