There are not traditional DSCR lenders that would do that.

Research ways to use your education to help you qualify for a loan (did you know that some lenders allow college credits that translate directly to the line of work the graduate pursues to count towards work experience, accelerating the borrower's opportunity to get approved for a mortgage?). 

. - The home is 2 payments behind and already got a letter from the lender about future foreclose.

That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.

I would have a lender as part of your team to strategize.

These are key reviews for you and your team to review prior to out price confirmation. 

If you do decide to start flipping homes- as a new investor you can either self finance with all cash, or you can contact a commercial lender like myself and expect terms to be 75-80% of the purchase price with 100% of the rehab financed through a draw.

Quote from @Tod DuBois: Another Furnished Finder POT cancelled on me after I went out of my way and paid to review them on Key Check and signed up for Key Check contracts, made two contracts, allowed a pet and still, two days before the check-in, they did not sign.

Definitely something to pencil out with a lender or broker.

We were trying to buy a loan that was in default and the current lender was emotionally attached and has it listed for over $2M when comps are $1.5M.