A minimum of 20% down payment is required at most Financial Institutions. Some Institutions will require more. Some will even require that you pay for the mortgage default insurance premium. Some banks will limit you on the # of rental properties you can own. Some will qualify based on a rental spreadsheet, where others will only use 50% rental income. Bottom line, rental property financing is complex. Feel free to leave a comment here on your particular question OR call your local HQ rep to discuss further.
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