Another possibility is a cash-out refinance on your dad’s house if it qualifies, which would tie the loan directly to that property.

If you need further help, DM me, and I’ll point you in the right direction!

For your scenario, a DSCR loan could work well if the property’s projected rental income can cover debt payments, but most DSCR lenders don't include renovation costs directly.

Happy to connect with you directly to share what it has done for me. 

District South has a priceless location that backs up directly to the famous Nickel Plate Trail."

A foreclosure initiated by Ocwen won't touch your credit at all as you are in a second lien position and not a direct holder of the loan/mortgage.If the foreclosure starts you might be able to recoup the money or lose it.

They have many servicesWe used them for our living trust -didn’t deal directly with mark but people were Knowledgeable and was easy to work with

I spoke with them directly and they didn’t want to take ownership of it.

If you're not sure of you preferred direction with your next property I would invest in understanding investing more thoroughly and read 5-10 books as well as speak to other experienced investors.

However, these properties generally have a lot of land improvements that qualify as well as certain portions of electrical, mechanical and plumbing that can qualify.