The best way to add equity in your first deal is through sweat equity where you can actually do some of the renovations and you are not paying full cost for the renovation project, but this is highly dependent on the condition of the property you identify.

Great strategy that should be highly considered in my humble opinion. 

I'm at GBF, high table on your right as you walk in .

The traditional LTR is becoming less and less affordable for the general population. 

Two high level quotes come to mind "Let your winners ride" and "a great value asset at a fair price is much better than a fair value asset at a great price".

Whatever the type of financing might be, they usually have maximums not allowing deductibles that high.

Hey Seth, If you have a good FICO, Loan Amount is above $250k, and property DSCRs at 1.25, You may achieve a rate at the high 7s at 70LTV on a 30 year fixed loan. 

My agent over valued and listed high.

What options would I have as an exit strategy to get out of paying this high amount?

Heeeey BiggerPockets FamilyI am a verrrrrry new multi unit investor (experience in single family home investing and renting out to the Section 8 population) with the goal to buy/hold properties for cashflow.