I sought information on another website program, and the first on the list turned out to be BP. 

With DSCR loans the best you'll find is 85% of purchase but the rates are so much higher than an 80% that you'll likely be going with 20% down and that program will be based off FICO score and the cash flow of the property.

You'll be back to your regularly scheduled programming shortly.

Does anyone have experience with applying, qualifying, or building with the Guaranteed Rural Rental Housing Program?

The 90%/100% programs are out there for new investors, I know of 1 maybe 2 that will provide those terms to a new investor given:Credit is 750+Appraisal numbers came in fantasticThe zip code the house is in is a favorable one for an exitI've closed or oversaw the close of 100s of bridge loans, be happy to answer any questions you may have about it.If your ARV is 550k, that means you want your max project cost to be about 398k (72.5% of ARV), if you buy for 359k that leaves hardly any room at all for rehab costs. 

It has been a great first experience, it nearly paid our mortgage by itself while my wife and I went through masters programs and had our first child.

One of the tenants are part of the program ran by the section 8 program in Passaic County. 

You do not know what you do not know, and most of those weekend workshops will have an upsell for another program...

Additionally, there may be grant money or other funding programs available to you.Finally, if you get involved with a local real estate group you can likely find other investors that might want to participate in the deal with you.

Heloc any existing properties with sufficient equity, use a 10% loan program out of state for a vacation home, it beats 20-235% for an investment.