I have seen some exceptions with bigger lenders.

Since you invest in Philly and the surrounding counties, do you have any go-to agents, lenders, or contractors you’ve had good experiences with?

We also have a huge budget allowance from the city over the next few years to improve public transportation measures within the city.

@Bruce Bennett It's great that you're being cautious when researching DSCR lenders!

Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The best thing you can do is to get in touch with a few lenders and walk through your specific scenario. 

In any disputed court action where the court resolves the dispute and determines the prevailing party, the court shall also award to the prevailing party its reasonable attorneys’ fees and costs and the non-prevailing party shall be liable to the prevailing party for payment of any court awarded attorneys’ fees and costs.

I work with agents who know my buying criteria, and they bring deals to me before they hit the public market.

So even if you had a buy out agreement negotiated up front and execute that buy out agreement, the bank would still require him to be guarantor unless something drastic changed on your side financially.The best scenario here would be to purchase and rehab the property using a hard money lender or bridge lender.