Buy Rental Property with 1% down
I live in Houston, and came across a house on my street with a for sale sign outside it. I did some online research and it is turning out to be a very good deal, and it also follows the 1% rule. If negotiated properly, it may even get 1.5%. However, I just started my job in October after completing my Masters and was focusing on paying my debts, which I am still doing. I only have about 2% of the value of the property saved. But I don't want to miss out on this deal. Is there any way I can buy this as a rental property? If bought, this would be my first. I am 24 years old and really want to start out early in real estate investing. Any advice is welcome!
I am not preferring it as a primary residence since I may not have enough money to buy furniture and other stuff.