The catch is the terms.I'll repay the $85K over 5 years with just a one-time $10K payment this year, 2025 - 2028 it'll be a one time payment of $9,600 each year and in 2029 a balloon payment of $45,600.00. 

Thanksyou're not LOL, Fl is INSANE, my car insurance doubles YES doubled just because I moved an hour south Do you have a loan if not then cancel flood ins,  

Conventional loans Lessons learned?

The loan is fixed at 3% over 30 years and has about 27 years left.

I don’t have experience on record and my credit is low so I can’t get a loan on my own .

Those ultra-low literally never in a lifetime loan % is a result of the Fed dropping the Fed Funds to 0 in 2020 and keeping it low for 2 years, while at the same time buying mortgage backed securities, all while the market was booming.

I am a flipper and I have borrowed money from a private lender, who I paid loan origination points to as well as mortgage interest.

My fiancée and I purchased a small starter home (2 Bed-2 Bath New Construction)  approximately a year ago using an FHA loan.

My last two clients closed on houses that became 8 bedrooms rent by room house hacks that cash flow, so it is possible in this market.2) Multifamily - Purchase a 2-4 unit property with 5% down conventional loan, and live in one unit and rent out the others.

You can also consider finding a vacant building and using a construction loan to renovate it like new.Regarding the comment that the current climate to buy is bad- I"'ve been on this forum for some years- And each year someone says the climate to buy is bad.