I recommend you put in 5% and the seller take a carry back note and you secure long term fixed rate financing (traditional).

Renting your property for special occasions will provide you with the extra money that you need to keep the grass cut.

Obviously if you have the cash to buy without a mortgage and have extra then, good for you!

In the instant situation I would be interested to see whether the title company's "approved" list of notaries happened to be staff on hand who make a few extra hundred $ for the title company.

Also, for older homes, do not forget the likely extra expenses for electricity/gas due to them being leaky. 

Just to be safe I would have an extra "renter insurance" notice that your renter's sign that says you recommend getting flood insurance so you are covered.

If it's a great deal, you could get extra back.Also one thing to mention, I'm not 100% on this but if you refinance using a owner occupy product you will be required to live in the property another year.

3 Reasons this can't be replicated making extra payments on a traditional 30 Year Fixed:1.

I charge extra for people to watch me3.

Post an ad on Craigslist or something, it's not that hard to measure out and paint lines, you could even tell you're manager you'll give him $150 to do it if he wants the extra money.