So, always make sure you are talking to a lender who has a NMLS number (you do not need to be licensed to offer DSCR loans in a  lot of states but you do need a license to offer conventional loans)  and can offer BOTH a full doc loan and has multiple DSCR options.

Looking for guidance on who to roll it into and who offers great terms and support.   

This will provide you valuable insights into what the market offers.

And the law is not really clear, either.A common interpretation is that you did not make an attempt to "begin a specific business" unless you made an offer for a particular property and failed to acquire it.

If they are not licensed, you could offer them a salary and then pay them commissions based on revenue.I recommend speaking with a real estate attorney in your state to clarify any uncertainties.

The only challenge I see with your request with that we have to offer is that you're looking for a hybrid equity/debt partner (like mezzanine financing) where lenders like us only provide debt financing.

Sellers sometimes have a nightmare experience with a shakey buyer - we come in with a no-contingecy offer and that's attractive to a seller, who has been burnt before and just wants it to be over with.

Contact their attorney and offer to buy the lien.

We haven't put in our offer yet or gotten an inspection, but were excited when we toured it yesterday and found it was in generally good condition and there were no visible or olfactory signs of water damage.My original thought was we could get a conventional primary home loan for the purchase price of the house and then use cash to finish it out.

If you really think you've found a great deal that might go fast, you can always put in an offer contingent to any defects you might find, and between the offer date and close date do complete due diligence.