If you're at 75% or less, you should be able to get long term money, even if it's alternative - 30 year ARMs at rates in the 6-8% range, as long as debt service works (rents cover PITI).The other one seems doable too, if same type of deal w/no work. 

If your big system has enough capacity, and you're going with option #3 - I'd just put dampers in for balancing issues.Baseboard heat would only make sense as a cheaper alternative to a new unit for your 'other unit' ie: you block your duct-work to one unit, then use baseboard heat in the other, presuming your electrical is separately metered. 

Was Wondering if an FHA 203k would be a better alternative.

It may be a long shot, as it seems these “alternative strategies” are the hardest to network around.  

Alternatively there are programs that will lend based on the cashflow of the property only; the rate will be a tad higher. 

Alternatively, you could use the IREM report or check Costar.

They will also now consider alternative proof of income rather than just your notice of assessment from CRA.Also that announcement was from CMHC for insured mortgages.

The genuine hardwood was more expensive than other alternative options, but HPZ requires the use of actual wood floors. 

Best alternative to the traditional sale side of waiting on commission.

Try offering a one year lease at $3000, if you are unsure of the advantages of M2M, as a alternative and see what they say.Fact is they are considering moving, when is uncertain, but likely hood is that reducing their rent $200 is only going to cost you money and not change their plans down the road.