Down payments on FHA with closing costs are  around $30K to $40K on a $500K buildingYou can even ask the seller to roll the closing costs for $10K and roll it in the loan essentially paying just $20K downFigure out how to save or get that money as a gift.

House hacking would be an excellent way to get started on that path, and if you have that much cash saved, you probably have the ability to house hack and even invest further if you choose.

Saves a lot of time.Would like to know more about your progress.

Might as well save what they put on top and do it yourself!

This sounds like a good idea and a good way to save money, but like @John Warren pointed out, it is rarely worth it in the long run. 

I would not suggest this route to any newbies.The path of least resistance is to save up money, buy rentals and go the slow and steady route

She currently has a a very low-paying job, but has $95,000 in savings and an 830 credit score.

I'd much rather put my savings toward a deal or my own mortgage.  

Right now one of the coolest places to leave in the planet.  

The goal would be to purchase this property, live on my income, use 90% my wife's income to save, invest and purchase our next investment in 5-7 years.