This is more common in today's market and often allows the seller to get a higher sale price than if you were to go through a bank/SBA loan.

Look at their marketing strategy.

If this effort gains traction, it could fundamentally reshape the U.S. mortgage market, impacting financing options for real estate investors nationwide.The Role of Fannie Mae and Freddie Mac in Housing FinanceFannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) are government-sponsored enterprises (GSEs) that purchase mortgages from banks and lenders, package them into mortgage-backed securities (MBS), and sell them to investors.

I am not in North Carolina, but I am in 11 other markets and would be happy to chat to answer any questions.

It took more than a decade but I am excited (and terrified) to re-enter the fray.After dipping my toes into the market, I have battled against my paralysis and taken the leap. 

Many of these lenders allowing 2nds behind them are more expensive capital (10's - 13's in our current market [high rates - but now showing signs of coming down]).

Think about your market and what people are willing to pay a premium for.

The equation shouldn't be PP = Market Price - cost to repair foundation, it should be PP = Market Price - cost to repair - discount for taking on the risk.

It's a free market. - You will finally get a tenant. 

Agent and leasing experience can help with negotiation skills, market knowledge, and tenant screening.