I also have a smaller unit in Byram who got rented in a heartbeat for an asking price last year but that was summer.I bought this place for my folks as I wanted them to move close to me but due to some circumstances they want to hold off moving for a year or two.I have an agent who has listed it on MLS & GMLS and the whole nine yards but no luck yet. 

Unforeseen circumstances.

But these are exceptional circumstances, and depend on the investor having information that most people in the community don't have, so it's probably something that is reserved for investors who are already successful and / or have political access. 

In 2015-2016 my ex husband and I went through a divorce and I was required to sell everything and split the profits with him (except one property that I had prior to marriage that he had no involvement with). 

The right loan for your circumstance is going to depend entirely on what your goals for the property are.Is this a value-add play with a refinance in month 18 and a 5-7 year hold?

(This reminds me of "Empire City" except Uncle Max would front the cash for the deal take-down and the fix-up as long as contractors were used to do the work and financial projections were done.

The cash required was minimal, the profit margins exceptional, quick and easy buy/sell, and competition practically nonexistent.

(We actually rented a foreclosed condo to a former owner and it worked but that was an exception and was done for a specific reason.)We almost always offer cash for keys to occupants of properties that we foreclose.

i personally invest in low cost index funds until i have enough money then purchase a rental property. my thought is a savings account doesn't offer anything except protection, so asides for an emergency fund, hold the money in the market (it might go down) so it has the chance to grow. i think that by keeping in the savings account you are taking risk by not growing at all!

There are exceptions but I don't think yours will cut it.