That could be a good solution if the properties are good and rents are good to not lose the cash flow.

Seller concessions and other creative capital solutions are generally not available, assuming a loan is effectively transferring the existing loan to the new buyer once the balance (cash portion) has been satisfied at closing. - Income deficiency.

Hi Richie, A heloc could be a good solution for you. 

The fact you got a shell with no roof next door makes a solution pretty hard to be honest.

In all honesty, unless you or someone on your team has extensive knowledge and experience in credit, mortgage finance, secondary markets, and portfolio management, your company is probably better served by building a deep and meaningful partnership with a small local lender to handle this for you - or maybe even buy such a lender with infrastructure in place as a turnkey solution.

It's only 25 minutes to Lansing, so it may be a cheaper rental solution for people living in Lansing.Don't really know either market, so recommend you compare average rents to determine how likely it is someone would commute.

Pay them $180 an hour and monitor like a mom, and both the owner and contractor will learn.

Check in with @Joseph Chiofalo he’ll give you some solutions.

We do not have the capital to go at this alone, so we're trying to come up with creative financing solutions while also figuring out "Can we even make this work to begin with?".

We're seeing a lot of lenders come online with creative DSCR and no ratio solutions..there are even investment property HELOC's that use rental income to qualify.