If anything it would help lower your DTI. 

That would be an another red flag.As many realtors on BP have stated, too many folks run towards a lower rate, not realizing that a lower rate is not the end all, be all of getting a loan to closing.

Deals are common like this where if your buying turnkey parks, your going to pay a lower cap rate, and get lower cash on cash return. 

You could also get a 203k loan from a bank and you're only looking at 5%-15% down and deferred interest plus a lower rate.

That person could also setup the system/process and train someone at a lower level to manage the day-to-day.I know I didn't give you an answer on pay rates, but I have seen it time and time again; clients hiring under-qualified talent and paying the price in the long run.

They offer it in-person for a lower price, which I'd likely enjoy more, but I simply don't have the time to do it that way. 

To Omar's point, I do think I will have to work with conventional loans and see what lenders will let me have a lower down payment.

Hence, a property's intrinsic value (appraised value) might be higher but its selling value will be lower as the buyer has all the power. 

My purchase price was lower than the property value shown in the public records (deal between close family friends), and so was the appraisal.

I’d try to go lower- more like 300k