I really wanted to continue using them, but for growth it just wasn't the best choice for us. 

This is the perfect situation for this.A third question would be, "is this his only property, and if not, are the other properties also paid off?". 

Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!

Hey, your choice, but you can't tell me the risks are even in the same ballpark.

Notwithstanding the constant bellyaching by people - sellers and buyers - who want people to work for free, the US housing market has for the past 75+ years worked pretty well to make a lot of people wealthy and provide a wealth of housing choices for everyone.

Are you looking for near perfect credit, or are you open to some dings? 

If you’re looking for speed, flexibility, and a customized solution for your investment, private money lending is a great choice, even if the interest rate is higher.

Homes rarely sell as quickly as their owners think they will, even when the owner is sure the home is priced perfectly.5.

Wholesaling as you said is perfect, instead of trying to build a following of people who trust someone your age/experience.   

If it were more than three years ago and everything else on their application was perfect, then I would consider it.However, I've never seen that in 15 years of management with hundreds of rentals and thousands of applications.