Portfolio Lender 2 yr Self Employed Rule

[Bob Couture]

I am hitting a wall with Portfolio Lenders in Massachusetts. Although their loans are in-house they follow the Fannie Mae guidelines and the one I can not overcome presently is ... 2 years of self employed income history.

The situation is that I have a SFR that I bought and rehabbed with all cash. The home is on the MLS and will expire in 2 months. If I can not get the price I want my back up strategy was to make it a rental. It would be great to mortgage the property to retrieve equity for further investment.

Am I stuck for another year? Any alternate strategy recommendations?

Thank you in advance! - Bob