Great deal in sunshine state.

[Brandon Concepcion]

Hi BP community! I currently rent 3/1 with option to purchase for the past two years. The owner had personal issues arise and is in an extreme hurry to offload the property. We have an agreement that at any time we have the option to purchase for 187,900. Current comps in the area are running from 225k-315k for similar sq ft and quality. Since we have lived here we have spent money out of our own pockets on projects here so we are positive it would appraise at a min of 250k possibly more. It’s a great deal but the owner is set on only giving 1 month to seal the deal or it will hit market at full price. FLOATING 2 options. Option 1: looking for a fha underwriter that can work with a married couple in which the primary borrower is salary with w2, stubs, and bank statements, and co borrower is self employed with 2yrs of tax returns. Have a short time to get the deal done. Option 2: find a wholesale partner to extend my offer to. Since it would be a cash deal it will close quick. Without dropping a penny into the property, it would be an instant 60k - 90k or more profit upon resale, and being the middleman link to the deal I would be interested in a portion of the profit. Would very much prefer option 1 to Brrrrr but if the timeline runs out then the latter. What would you do BP community?