Here are highlights of the program right from their website:Program Benefits-A 30-year fixed interest rate mortgage loan, several rates and loan options available-Down payment assistance (DPA) 3% to 5% of the loan amount-You do not have to be a first-time homebuyer-DPA provided as a grant (never needs to be repaid) or 3-year deferred forgivable second lien loan-Available statewide through a network of participating lenders.

So when you buy a property do you use a conventional loan or something else?

I'll send you a video that explains better Hi can you send me the video on 1031 partial , am in that situation but would like to learn more about it. 

Clearly communicate these penalties to the tenant.Consider a Cure or Quit Notice:If the tenant continues to smoke despite warnings and penalties, you may need to escalate the situation.

If you're considering a DSCR loan, most lenders won't assess the property's value using a cap rate.

Some people cater to visiting sport teams.Some people like to flirt with risk.....just saw a guy near me get reported for is AirBnb that he used a VA loan to buy, but never occupied it....too many parties, neighbors complained, he still didn't stop it, so they contacted Inspector General and reported him for loan fraud. 

But, it also means more work in managing, tricky loan processes, higher start-up costs, and the risk of market changes.Lubbock, with its high need for rentals and low-cost living, is a top spot for duplex buyers.

Then we will continue to close the $5M SBA loan showing them that we have that gap... and proof of funds at that time

I am not sure how to make the initial purchase...If I use a private loan? 

I reckon my situation is a bit different since it's not a typical 9-5 and I was self-employed but I enjoy doing both.