Typically with investment properties you'll be paying anywhere from 15-25% for the down payment (depending on bank/program) because you're not intending to occupy the property as a primary residence so the bank wants you to have more skin in the game (less risk for them).

My student loans are in collections and I'm currently in a rehabilitation program to get my loans out of default, but in the mean time I have no way to aquire any properties unless I pay all cash.

Fannie Mae allows each property owner to finance up to 4 financed properties via conventional loan program under the general Fannie Mae Guidelines.

At $1497 for the whole program?

I personally would say this is the main factor is the score, most time if the score is above 700 we could look at a Conventional Program such as HomeReady or HomePossible that would allow you to do this house hack with as little at 5% downIf the Credit score is under 700, then we would look at the FHA route with as low as 3.5% down.

Utilizing a low down payment program is a great way to go!

It looks like they have a grant program that can help pay for the costs, so I would definitely take advantage of that: https://choosecincy.com/homeow...

Displacement of those residents would be a sad thing.To paint the picture to them, I would make a formal request to that same county contact or department:  you need full details on homeless shelters and programs in that area.  

Outside of the training program my brokerage has, I've been sticking with a few of things.1.

Is there any program, bank, private lender would do refinancing on primary residence without income verification?