I KNOW SOME LENDERS WONT ALLOW A TRANSFERABLE MORTGAGE. 

To allow that money to go to waste would be a shame and would likely cement in stone that I would not go any further than reading or posting.To summarize this post, challenges can either be your motivation or your demise.

Hey @William Ryans, As accountants on BP, we are not allowed to self-promote.

Each house needed some improvements, so I offered zero down as my cash would be improving the units and his security of the promissory note/mortgage.He accepted as this is the 1st time in 7 years that he's actually putting money in his pocket each month.BTW, I resold each individual property on terms using a wrap around mortgage (which the seller is aware of and approved) at 7% interest to other landlords.

Read up on them to narrow your focus to the one that works best for you.Try to find one that allows you some control.

I’m a green individual actively on a path to obtaining my first investment property.

I just feel like having the 40,000 taken off of the bill, so to speak, would allow me for one, and then the property management aspect, taking that off my plate as well.

You could allow them to reapply; however, I would be concerned how the long the vouchers are available to the tenant.  

Keep in mind that "class" when it comes to neighborhoods is pretty subjective to the individual investor.Good luck on your journey!

This will allow you open  a line and tap into funds whenever you need.