It’s things like that which make this decision more than just a legal one-it’s about how organized you can be.Something else to consider: lenders often want you to personally guarantee loans, even if the property is in an LLC.

If you have a loan in your property try to do the buy thru that same lender.  6.  

If the lender is licensed in the state you're buying in, then they can do the loan.

Another would be when a lender or bank offers you the cash to buy the home and they cross collateralize one or more homes to bridge the gap of equity needed.

My lender is otherwise ready to close.

The challenges are Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Quote from @Michell Chase: I am working with a hard lender on a purchase/reno and they require a builders risk policy even though 1 unit of the 3/4 will have a tenant.  

Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.

Not sure what your local state, county, and municipality laws are, but the first step is to see if you're even allowed to reject based upon the applicants voucher.  

There are lenders around the country offering those products.