Brrrbnb - near Phoenix AZ - advice on financing

[Antoinette De la Espriella]

I am a new investor looking in the following areas: Tempe, Scottsdale, Mesa, chandler AZ

My goal is to purchase a second property, Airbnb the property and Using BRRR.

Budget is 150k : condo or SFH (my budget doesn't give me many options)

Questions:

How can I increase my budget without as much cash? What types of loans can I use to my advantage?

I have 26k cash to bring to the table for DP & closing (this number is growing as I save), but I was trying to get a large enough loan to finance the rehab (ideally cosmetic only)

Thanks in advance!

Also I live in Long Beach California, I have a team in AZ assisting me, but looking for more advice and experience.

If anyone needs any help in the so cal area I am here for you.

[Paul Welden]

@Antoinette De la Espriella Your $150k budget will get you a 1bd/1ba condo in Tempe/Mesa or a property in need of serious rehab. 

For financing, you're looking at conventional loans min 10% down but for condos, down payment could be 20%-25%. 

There are currently on 3 properties listing in MLS that meet your criteria.