Depends on a deal.

Thanks Alex! If it’s a rental property?

If you are just starting out, it is best to SAVE SAVE SAVE. Save cash until you have enough for a down payment. Be as frugal as you can, and see what you can cut out from your current expenses, and/or increase your income however you can (work a side job, drive for lyft, whatever you can do). Most people can easily save hundreds, if not thousands, per month by getting serious about their personal consumption spending (everything from phone bills to car expenses to food to subscription services). Once you have about $15K saved in the bank you will be in a decent position to finance a starter Cleveland-area rental property (through a bank, with about 25% down) and still have a little cash cushion, as long as you have halfway decent credit.

 Best financing is the traditional 30 year residential mortgage. You can use this on 1-4 unit residential properties. You'll need to bring 25% down & the bank will bring the other 75% down.

Thank you very much! James and Robert, I will keep in mind those advise.