Ivorie, in that case you could just do a traditional refinance of the borrowed funds form the private lender.

Traditional refinancing and selling has proven challenging, so I’m considering more creative options, such as private lending or partnership arrangements.Questions for the Community:Have any of you dealt with a similar situation? 

If you keep an open mind to house hacking meaning renting out part of your home or renting out an in law suite NOT just the traditional multi-family sense of the word, options expand dramatically.

Yep I am slightly confused… there is no downpayment in a traditional foreclosure.

That's why I like this traditional ML approach, we leverage lots of data to inform our decision about which house is seriously "undervalued"I have a couple of questions about both of your approaches though, will be interesting to compare them!

Now, it seems like the goal would be to keep that property in the long run, so you would want to Refi that in a few years when rates come down and you again can qualify for a more traditional mortgage, but there could be a path to getting around $100k and taking the next few years to focus on banking cash flow and possibly expanding.I know, it's a bit out of the box, but if we were just blue sky talking about a solution, it's possible. 

Traditionally has met at Best Western Suites, 2000 Beach St., Fort Worth, Texas 76103 on Thursday nights.DFW REI Club – dfwreiclub.com – Meets about 2x-4x month, normally on Saturday morning from about 9am-12noon at Manhattan Plaza 6850 Manhattan Blvd, Suite 205 Fort Worth, TX 76120.

You get tired after while if you follow traditional method.

When bringing up subject-to as an option, the agent kept stating that his loan was un-assumable and that there was nothing more outside of traditional financing that could be done.

If we go with a 30 year fixed traditional loan, how do we get legal protection?