Also, I've heard of HomePossible and HomeReady conventional programs, and I believe HomeReady you can own other real estate and still do a low down payment program, but I'm not sure if that's only for single family homes only.  

I'm worried that I may be running myself out of a good deal if I make these percentages too high but also concerned about being too low and having a major issue arise. 

I didn’t want to shoot too high or too low so I wanted to get some insight on the figures you all use. 

Its priced so low that people are trying to book 1-2 years out. 

I guess I was too naive/optimistic in thinking non owner occupied property rates would be in the high 4s and low(er) 5s. 

A low to high range would be very useful.

@Brandon Turner has a great book about low and no money down so take a look at that.

Keep in mind, we are at the top of the market cycle, inventory is low, and interest rates are creeping up.

Otherwise my offer will be “X” because I’m going to have to spend “X” to pay someone to turn it back.Then tell them that a 1/1 in their area goes for “X” and that is where your offer came from.Just use “kid gloves” because it’s possible that some sort of disability (i.e. going up/down stairs) led them to chose that location.Good advice and makes sense, but in my area (and other sellers' markets with low inventory) that could cost you the deal on a listed property.

@Andrew Alpsteg You should not have trouble receiving financing with FHA given your credit score (FHA was made to help first time home buyers, your credit could be as low as 580).