I found a local lender who offered a pretty interesting product (at least from the standard stuff I've seen)First Time Home OwnersOnly 5% DownNO PMI3.75% InterestIncome Limits Waived for the Area we are LookingProperty we are looking at is asking $399k but we believe $350 is much more fair.

I’m trying to establish an upper limit for offers.Thanks for the help!

I have very limited information obviously.

As you might have guessed, my knowledge on a real estate deal is very limited.

Her limit is 90 min train ride from GC which basically puts us at Fairfield Metro as the max.  

Its super funny, those who think rent control is a good thing, and want to limit the amount of monies that property owners collect. 

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

With this strategy the sky is the limit since you can pick the markets with the best ROI, however this comes with additional problems.

However 0% down is incredibly difficult to obtain, and financing for down payments is limited so you should use that money wisely and find a home that is better than just neutral.Some people say that banking on appreciation or rent increases is speculating, which is true but only if you view it in the short term. 

If you click on the company link in @John Warren signature there is a document which is called "financial terms" and it breaks down the differences between 3.5% and 5% programs including fees and loan limits