It's more of partnership than your standard lender-investor relationship. 

You can always refi if it appreciates or you recapture the principle to the standard 75% or 80% LTV. 

With low financials for a first deal; your pitch, passion, and niche will be more important than trying to meet straight numbers.

Welcome @Brendon Norris You can fellow investors near you that you can connect with here https://www.biggerpockets.com/meet

If we don't know you're looking for a house right now, we may forget to call you when we have something that meets your needs.  

I'd highly recommend attending the next KnoxREIA meet next month.

Where a tenant is evicted for owner occupancy after December 18, 1998, that unit is designated as the owner's unit for purposes of subsequent owner-occupancy evictions, unless the owner's disability or other similar hardship prevents occupancy of that unit.Tenants who are 60 years old or who meet the disability guidelines for federal Supplemental Security Income and who have lived in the unit at least 10 years, or tenants who are catastrophically ill and who have lived in the unit for at least 5 years, have a protected status and cannot be evicted for either the owner or the owner's relative to move into a building of 2 units or more.

MEETING DETAILSI'm looking to get some people together in Berkeley or Oakland on Sunday, September 11th @ 7pm to discuss real estate investing . 

This meeting is for experienced investors only.

I have learned a ton from it, and I look forward to being around, and meeting people in the community in the the future.