I'm going to walk you through a few strategies to purchase your next rental property with little to no money down. IHDA has created loan programs that provide down payment and closing cost assistance for borrowers who would otherwise qualify for a mortgage.Explore the flexibility of homeownership with our comprehensive rent-to-own contracts and lease agreements. Our programs offer safe, fixed interest loans at affordable rates. Qualified homebuyers can receive down payment and closing cost assistance. Landlords must ensure residential lease agreements are free from common mistakes or else risk profit. Contact our landlord-tenant attorney today. A lease is a legal arrangement between you and a landlord that outlines all the details of your relationship and responsibilities to each other. Access Repayable, though, focuses on helping low and midincome individuals who can't afford standard down payments. Landlords who own and live in a multiunit property can complete a joint application if their tenant rents their own unit.