Bank loan How did you add value to the deal?

They used that period of unemployment to skip paying student loans and then try to get some kind of program/hardship deferral or something aka "gaming the system".

I am working with a nonprofit organization that will be using this home for a program that is geared strictly to homeless veterans to find them suitable housing and assistance with finding jobs.

Between Oregon and AZ residential and commercial we have around 23 units with only a couple of small loans.

Investors may like the income on the spreadsheet, but the appraiser for a traditional loan won't care.

Typically you aren't buying a fixer upper with a conventional loan.

@Edward Heath you'll want to check the requirements for the $12.5k loan.

It depends on the LTV, type of loan, whether it is rate and term or cash out refi, and some other details, but that's not crazy.

I have $25K cash for a down payment and can add $20K/year ($1,600/month) toward payments.No W2s, I've looked into building a small home right away and using a bank statements loan (have about 8800. monthly income) , but with 9%+ interest rates, it’s beyond my budget.Is there any sort of creative financing ideas possible or private lender possibilities?

@Nathan Deutsch Welcome TO BiggerPockets If you are not comfy with privacy issues while house hackingyou can try  a  FHA loan or start with a partnership to buy a STR etc