Unless you have a solid plan in place to sell or refi the property within a year.A HELOC on your existing rental would prob still be the best bet, and you may just have to keep calling around. 

Some states (OR, CA, ID, UT, AZ, & a few others) require that if you are not a licensed lender, you place the loan through a licensed mortgage broker.   

@Andrew Steffens  That would help ease our fear of putting all our money in one place forsureAre 10% down investment loans a thing???

No question that as much as it's a desirable place, homes do take long to sell because there's only so many people wanting a house in that price range.  

However, it seems like a major convenience because you can remotely unlock the place or show it to future tenants without being there in person.

I would be interested if you find a great place in this area to invest. 

People are always looking for an affordable place to live.

I assume no, Do one or two then everything else will fall into place. 

House hacking is one of the most popular strategies you can take and it can be a great way to build wealth and generate passive income, but it's important to have a long-term plan in place.

Purchase price: $95,000 Cash invested: $15,500 Property was purchased and negotiated from investor with current tenants in place.