There are other avenues that will allow this.

Purchase price: $32,000 Cash invested: $58,354 Sale price: $105,000 5/17/24 purchase.Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.

State Farm and Obie Insurance are who I typically use for investment properties.

You wouldn't be able to use any first time home buyer grants/programs though.

I already had a one month vacancy when this tenant moved in and my earlier tenant just walked away and broke the lease.

A mentor of mine with 400 units had said I can use a large seller credit to cover most of the down payment on a property I'm looking at.

If you want to know if it will affect their portion of rent, this is usually based on 30% of their income and Section 8 covers the rest.

My question is how would I present this for financing? 

3)  do you recommend a tax attorney that can help us do this process?

Built in 1890, this Old Victorian was converted into a duplex in the 70's by a talented architect who made some unique and extraordinary custom design choices (read Vaulted Sunlights) that make this property truly one of a kind.