Quote from @Enrique Toledo: I came across a really good seller financing deal and I would like to purchase it as my first deal but I don’t have enough money for the down payment.can I use a lender of some sort to give me money for the down payment?

You can find some 2 units under or around $250K but they have been sitting on the market for over 150 days which tells you its not a great deal if it were an investor woud have already purchased it 4 month ago.  

Yes you can find properties which you will be able to purchase, but ROI will be near zero or negative. 

My question is: After I build the units, can I do a cash-out refi and use the equity to purchase another home? 

I have success in helping my out of states and foreign investors purchase properties with this type of loan.

Have you purchased any in the Clev markets as you said you wanted to months ago?

This will be a straight up listed property and a purchase just to see the process on a Commercial/Industrial property. 

In Dallas, investors are regularly getting deals around 70% to 74% (that is the purchase + rehab / ARV).

We recently came upon a small property and are seriously thinking about purchasing our first rental!

I am a rookie investor hoping to purchase my first property within the next 90 days.Kwanza Hi Kwanza,The first thing you'll need to decide is whether or not you want checkbook control of your self directed IRA.