If you are working with a reputable company, then you buy the property, hold the property and look up 7-10 years down the road and have a home that has increased in value and a debt that has been reduced by your renter.   

And as i said, everyone I know is sitting pretty, not an issue at all.

Quote from @Marc Shin: Hello,I have a 1/1 and a 2/2 STR. 

I am actively working on a buyer and a personal money lender list. 

Now, some of these answers will depend on what state that property is in, how much equity you have, and a couple of other factors...but you can certainly seek out other lenders about a Line of Credit on an investment property.  

Starting rent-free is a smart move—it’ll maximize cash flow but high purchase price and a low down payment make it challenging.

The best of both worlds is the wet spot and a hill nearby.  

There's very little support and a lot they can't do. 

I'm talking to the seller's broker, but I would like to find my own people to assist with the due diligence period, such as an SBA loan broker, an accountant with experience doing QoE for this kind of transaction, and a lawyer.

I recommend you contact a residential banker and a commercial real estate agent and start looking at deals right now, even before you are ready to buy.