There you can present your deal and depending on the strength of the deal there may be other investors interested in doing a Joint Venture (JV) with you.  

It really also all depends on the tenants that can make upkeep either a scheduled maintenance thing or a nightmare.

That is enough of a down payment depending on how expensive the property is.

So, it depends on your goals and your other options.  

@Cary Ferguson Jr guess it depends on how low rents dropped during that recession, but based on what rents dropped to last time during the recession in this same area..I think I'd be fine. that's what I find so odd?? 

You went in for a buy, but you were not pre approved for a mortgage.You are not a veteran, because you are still on active duty.Appraisal, inspections, attorney fees, are always out of pocket, regardless of your mtg approval.You can get a regular loan- depends on how much.

It depends on how they structure the loan.

Hi Rosalyn.The direction you pick really depends on your exit strategy.

Depends on the exact nature of the loan.

depends on how involved you want to be.