Curious to know if anyone has done a deal in a rough neighborhood (where collecting rents might be challenging) where one multifamily occupant is a offered the asset with investor carrying paper? I'm looking at Steel ...

I just haven't found any specific guidance for how to incorporate RE into the calculations.Should I be basing it off net income?

Is there anyway that I can creatively make this deal happen? 

I think multi-family homes are the best way to get started if you have financing options available to you (which we all do as long as we get creative).

Purchase price: $185,000 Cash invested: $27,750 After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB -------I love this property because seller gave me 85% VTB for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both of usfor seller he doesn't have to pay huge capital gain this year for me normally I would not get mortgage Purchase Price - 185,000Down payment + Closing cost - 31,500Renovations - 25,000After Repair Value - 240,000Potential Rent - $1700 per monthNet Cash Flow - 200$ per month What made you interested in investing in this type of deal?

Purchase price: $185,000 Cash invested: $27,750 After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB I love this property because seller gave me 85% VTB for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both of usseller doesn't have to pay huge capital gainsPurchase Price - 185,000Down + Closing - 31,500Renovations - 25,000After Repair Value - 240,000Potential Rent - $1700 per monthNet Cash Flow - 200$ per month What made you interested in investing in this type of deal?

Purchase price: $185,000 Cash invested: $27,750 After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB I love this property because seller gave me 85%LTV for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both of usseller doesn't have to pay huge capital gainsPurchase Price - 185,000Down + Closing - 31,500Renovations - 25,000After Repair Value - 240,000Potential Rent - $1700 /monthNet Cash Flow - 200$/month What made you interested in investing in this type of deal?

Purchase price: $185,000 Cash invested: $56,500After quitting my job on Jan 31st 2019 - biggest challenge is getting mortgages But good new is there many creative financing options, one of which is VTB Seller gave me 85%LTV for 4.15% interest for 25 years - 1 year 3 months term WIN - WIN for both [seller doesn't have to pay huge capital gains]Purchase Price - 185,000Down + Closing - 31,500Renovations - 25,000After Repair Value - 250,000Potential Rent - $1700-2000/monthNet Cash Flow - 200$/monthWhat made you interested in investing in this type of deal?

So I called banks to get a traditional loan.I know there are creative ways for people to reduce their down payments when they get conventional financing through a bank but how?

IMO, when you have to get creative with purchasing a property it just means you aren't ready.