You do not need a court hearing to move forward.You can read my book to get more details, but you essentially have a couple options. 1.

When my loan was not going to close, it was one of the options that my broker and lender told me about and actually referred me to for a conversation.

Do you limit the term to 6 months to begin with, or 30 days minimum stay and negotiate an option later on?

It's OK to be more tenacious with negotiating down, and make the most out of a slowing market to buy at lower prices.

I am going to finish the rehab and get it rented then resubmit for a rental loan.I have used Cashcall Mortgage twice and have been very happy with them but Elite seems to be more flexible and have more options so was going to see if they are competitive.

Obviously the numbers and location would determine which is the best option for me but these would be my preferred methods. 

I've had smooth loans close with Kiavi and I've had rough ones, same with Roc.When Loans start to be troublesome:1) The borrowing entity docs are a mess2) The appraisal numbers are lower than expected3) Messy background reports4) Loans happening in an environment where market/rate fluctuating unpredictably 5) Your loan officer and their team are poor at their job6) Title issues that depend on county docs, that can be slow and painfulThere's more but it's Friday and I'm tired....

If they Counter, you have the same 3 options to respond. 

Albany, Syracuse, Utica, OH, PA, etc.) for cashflow.The challenge in these markets is that demand is through the roof, and many properties either sell at the asking price or above the asking price (Suffolk's sale price average was 1.5% ABOVE the asking price).If I were in your shoes, I'd explore local and remote multi-family options before considering the mid-term rental route.All the best!

I really like Lease to own option to get into deals without having to take on massive debt.