Have you considered private money lending?

The Federal Funds Rate is the overnight lending rate that Federal Reserve Banks charge each other for overnight lending. 

It’s great that you're exploring private equity as an alternative to traditional lending due to your religious considerations.

Five towns in Oregon made the top 25 most expensive in the US including: Hood River, Astoria, Prineville, Brookings and The Dalles.
Here is the full list:

1. Vineyard Haven, Mass.
2. Jackson, Wyo.
3. Br...

@Jay BenThat is a syndication.

Lenders want to lend, you just have to find the right lender for project.

What questions should I ask a fund manager before I invest in a private lending fund?

Even if you bought off market, great agents should be able to guess what you spent on rehab and also make a guess as to how much you paid, unless you paid cash.As an agent, I would suggest you connect with a great lender who can walk you thru all the nuances of FHA lending on a property like this. 

Still quite active buying SMF, as well as more passive deals in syndications, and do some private lending. 

In fact, it’s a LOT easier to find a good / great below market deal if (1) you offer all cash, quick close, NOT subject to financing and or (2) the property is one in which obtaining financing is difficult, if not impossible.Another example of where low DP is not preferable is when we syndicate property purchases.