You want to build a long-term portfolio, but traditional financing seems out of reach.

I have some cash for a down payment, excellent credit, a well paying job and plenty of equity in my current residence.  

The loan amount itself is going to be a main issue for most lenders at ~$150,000 value, let alone finding a niche product. 

Zak, I would get a few quotes if you're replacing the unit.

This is a business after all.Maybe keep her on a month to month so you can increase accordingly later.

Told me that I could not get a loan because I lost money. 

Whether it’s dealing with difficult tenants, endless paperwork, chasing contractors, or the emotional rollercoaster of deals falling apart at the last minute, there’s always something that makes you question your sanity.Real estate also isn’t a get-rich-quick scheme.

@Shafi NossIt is a regulation a+ offering

Have you run numbers of the home as a rental using today's rents?

@Ryan Schaefer - sounds like you have a good project in place.