Banks

If you are working a deal now, why don't you ask the seller to consider taking back a second. It will look like a down payment in the banks eyes.
I don't think they would consider your idea, not that is is bad, banks are just so tight with$$ right now.....Jan

If I bought a house for eighty-five thousand and ask for three thousand down payment and rented it out for four hundred and rent will never go up ever would it be a good idea?

Ok, first are you planning on doing a lease option? If that is the case, that would cover about 3% of a down payment. Now, to who is the down payment going? Seller or bank?
Next, your $400.00 rent payment doesn't cover your mortgage of $456.80 (85k @ 5% for 30 years.) Then you have to add in property taxes, house insurance, monthly maintainence. I am assuming the tenant will pay utilities.
So it is back to the drawing board.
talk to the seller about carrying back a % for the dp. If you crdit is good enough and you have more funds available you can try a conventional.
You can also try a hard money lender but this is very short term, very, because it can get very expensive on a monthly basis. You must decided how you will treat this property. Buy and hold, lease option.
Re-think what you are trying to do here. Just my opinion...Jan

In Dean Graziosi book Be a real estate millionaire why did he go with a white background on is book don't get me wrong it's fine I just thought why did he not put a picture of a house?

The whole life insurance policy what is that really I just buy life insurance and take money out of that like a 401k and pay it back over time could someone help me thanks? Keep it real you guys and ladies your friend absolutelyclone