With a second home purchase you could put down less but you'll pay more points.

Purchase Price: 75kRenovations: 30k if BRRRR.

Does it imply that I can't finance this purchase through a bank?

They will each have about 20% NET (cash purchases) at about 60% of the ARV.   

Hi, I'm looking for advice on purchasing a long term rental. 

You should be able to find a reputable investment focused broker to provide 20% down for your purchase.

I am looking at purchasing a property to live in for a year and then rent.

So now my next purchase is going to be solely with the goal of cash flow in mind to help offset what I'm currently paying out of pocket.

I'm wondering if that's the same as purchase and sell contract??!!    

Purchase price: $68,000 Cash invested: $5,000 Sale price: $99,000 4 Unit quad in Medina NYRenters were tough and management company's locations are too far for a regular check up.Had a renter pass away and then DCS came in and the house was condemned due to farm animals in the upstairs unit where the person passed.We were too far to keep tabs on this investment so we sold the home.