I acquired this property with a 20% down payment and an 80% seller financing note with a 2-year balloon to allow myself enough time to stabilize it and get longer-term commercial debt on it.Over the last 7 months, I was able to raise the other 4 units to market rent and lease out the larger 5th unit to another state government agency on a multiyear lease.

That is having no idea of your down payment ability, ability for a loan, or experience.

Hello, I was wondering what’s a good amount of money to have on hand to use as a down payment to start my investing journey.

The person who mentioned theme is correct - The Waterfall House in Palenville does best in Palenville because of their theme.In most towns, non-permanent structures can be used up to 6 months of a year. 

The next question is permissible and non permissible closing expenses. 

House hacking is an awesome way to leverage a low down payment to build your multifamily portfolio.  

Some deals pencil out in non appreciating areas but that obviously comes with a risk.

Land/Building Appreciation- Payment longterm.  

If you strategy is to build a rental portfolio as fast as you can then, you want to refinance at the highest available leverage. (75%) That allows you to preserve your capital so you have down payment money for your next deal.

**Seller Finance**: Become a lender instead of a landlord by offering seller financing to buyers, which can provide consistent payments and tax benefits ([Why Would a Seller Sell on Seller Finance | Seller Q&A](;t=363s)).7.