Condo and cash out will 'hurt' pricing for any lender.

There are a lot of factors that go into the pricing of a loan such as loan amount, purchase price, credit score, income documentation type and property type. 

House Hacking is generally the one situation when purchasing an investment property can be done without positive cash flow.

Purchase price: $3,975,000 Cash invested: $1,025,000 FIXER UPPER-Chateau Montclair sits on almost 6 acres & overlooks a 10 acre lake in the new exclusive gated community, The Montclair.

Coach Carson talks about the small but mighty investor and how you're way ahead of non-RE investors with a few solid appreciating properties3) If you haven't done this already put your money into high yield savings account so your cash reserves can grow 4 to 5% not a regular savings account earning 0.1% interest. 

The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

You might have cash flow down, but what about the other more complex metrics?

But it doesn't require a great amount of the capital. 

Purchase price: $130,000 Cash invested: $175,000 Sale price: $550,000 Full Cycle Pre-Foreclosure > ShortSale > Fix N Flip

Purchase price: $3,975,000 Cash invested: $1,025,000 FIXER UPPER-Chateau Montclair sits on almost 6 acres & overlooks a 10 acre lake in the new exclusive gated community, The Montclair.