Online banks pay a pretty solid interest rate. 

Hello,I went to get pre approved at the bank today and I qualified for FHA.

My bank loan doesn't provide much lead way in a tight market like this and all sellers in my price range 80k or less want cash money for their properties.

Freddie Small Balance i $1mill loan balance, 10 years fixed, 30 years amortization and could be 20%-25% down.if you cant get that then local bank could be an option, most offer 5 years balloon, but you can try to go for 7 years and 25 years Amort.

My wife and I can get the financing from the bank for one but getting financing for both looks to be a stretch.

I currently have 100K in the bank doing absolutely nothing and I want to get the best bang for my buck in terms of properties/investment.I figured that if I am able to invest 100K outside my state, I would be able to buy several properties and put them to work for me compared to just buying one here in NY. 

Now, we have enough for a DP, closing costs, and taxes so we aren't banking off a high appraisal.

Also $10k in savings bank cash. 

Use personal bank loans, mortgage lenders, or private equity investors to finance deals.3.

If you are looking for a 100% risk-less & predictable place to park your money I'd suggest a CD at your local bank.