You might consider an FHA loan, they have low down payment requirements.

Furthermore, I consider an LLC essential—not necessarily for tax benefits, as my W2 and sole proprietorship income blend for accounting, but as a critical 'shield' to protect my personal assets from legal risks.Hope this helps

If you’re open to it, I’d seriously consider an owner-occupied house hack.

Consider an experienced partner to help you make this happen and to help qualify for the hard money. 5.

You might also want to consider an increased security deposit.

You can network with agents or just reach out directly to listing agents and ask if they think their seller would consider an offer that makes sense for an investor.

A few strategies to consider before forcing a bad acquisition: Control without ownership: see if the seller would consider an option, right of first refusal, or delayed close tied to approvals.

If you think you may sell in the next 5 or 7 years, maybe consider an adjustable rate mortgage where you lock in a lower rate for 5-7 years and by the time you need to refinance you sell.

Lastly, consider an 18 month lease to get you back in to peak season for renting.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.