Syndicators can negotiate terms and rates that are impossible otherwise, including on portfolio terms as in that banking entity is holding/servicing the financing themselves, on there books, not originating and selling it off. 

A HELOC carries a higher rate over a shorter amortization usually 10 or 15 years and a mortgage carries a lower rate over a 30 year amortization offering a lower payment.You have to run the math in each scenario because the math differs based on a few things like Fico score, CLTV, Loan size, and time frame between purchase and refinance of new property.

Basset has some of the best and more durable fabric around and these still look great after 7 years with us and probably 10+ with the original owners.The La-Z-Boy has a more open weave as does the chair.

I was just under the impression this was a 2 unit. 4 bd 2 bath that are all over down there and he said in the original post it was a multi unit.

With really bad credit I do require (in addition to first month and security deposit) 1/2 to a full last month's rent and/or a good honestrenter.com score.

But I did the install myself, not everyone wants to or can, do this.But in answer to your original question.....it is a solid NO.

Originally I wanted to do painted concrete, but that would leave the perimeter sticking up.

FHA loans with low down payments are ideal for this.In the meantime, focus on improving your credit score and maintaining a solid financial foundation.

Thank you for the indepth feedback to the original poster.

Do they have a higher credit score?