We’ve got about $175k in equity due to the large down payment needed to assume the mortgage. 

By thoroughly vetting prospective tenants, you can minimize the likelihood of encountering non-payment issues and eviction down the line.

I am looking to do an out-of-state deal but my head is all over the place right now.

They will counteract that by having you put larger down payments or leave more equity in the property so you are less likely to walk away from your asset. 

More money in the market means more opportunities for everyone.Active Inventory: A whopping 52.6% increase in active inventory, from 2,717 to 4,146, means more options for buyers and a more balanced market.Despite a slight dip in the percentage of the original list price received (down 1%) and a minor increase in median time to contract (up 11.1%), the overall sentiment is overwhelmingly positive.

We have $60k set aside for a new home down payment.

Securing a rental property is an exciting venture, but gathering the down payment can feel like a mountain to climb.

Should I put down much more than 20%?

I was very moved, we made a deal that fit their needs, we brought down the interest from the original 8% I was asking to 6.5% to meet their monthly max budget.

It's a great program to utilize and a creative way to get into a home with low or no money down (3-5% downpayment covered by the grant).