Delayed Financing with Lease Option to Buy

[Larry Fried]

We are about to enter our first BRRRR deal. It is expected to be around $95k all in, with an ARV of $140k. We are buying with cash and want to do Delayed Financing when the rehab is complete and tenanted. The issue at question is we are considering leasing it with a 3 year option to buy to the tenant, and want to know if that would impact our eligibility for the Fannie Mae Delayed Financing program? I welcome any knowledgeable input on this, but particularly from lenders who might be familiar with the program.