Stop contributing more than what your company will match in the 401K, get rid of those car payments, student loans, toys bought on time etc... 

These companies are willing to get rid of the monthly payments for you - by being paid off up front. 

FHA is attractive to her due to the down payment size.So here is the situation;Kat has known Marg a while, and is getting a good deal on the house. and by FHA request, she has been living in the house for 6 months before they will consider the loan.

I actually bought a 4 unit a mile away for $45,000 last year but that needed about 30K worth of work so I feel this is about right as this one is turn key with no repairs needed.The seller financing deal - Sales price $63,500Cash at close from me $50004 year note @ 4% for remainder ($58,500), monthly payment of $1000 with balloon at the end, no prepayment penalties.Monthly projectionsIncome =     $2200Expense=    $220 management                     $220 CAPEX = No problems yet but "Unknown age" on the roof and owner has had property for 20 years                     $480 Insurance/taxes = Total taxes for 2017 were $4982 on assessed value of $78000 plus $600 a year for insurance

(i.e. pre-payment penalty percentage, length of term remaining, interest rate, etc.)2.

That would give you 30k to put as a down payment for another rental.  

One way to get around this is if you cover the remaining amount with your down payment. 

Hey,In the process of saving money for a down payment on my first rental property.

"Down payment assistance." consisted of raising the price and telling the people buying the paper that the people put down 20%.b. 

You'll make 36 mortgage payments during that time and since it's towards the start of a loan cycle, less goes to principal pay-down.