You might need to fund that, either with a higher purchase price, or something creative.Otherwise, there are no other options that would allow you to qualify to buy this as a primary residence.

Out of state and institutionally funded can be tough to close at times. 

I will refinance when the rates drop and recuperate some of my investment funds with better cash flow.

We reach agreement in principle with the seller on what we mutually want to achieve. 

The deal was financed through a combination of private funds from our Partner Driven capital resources and contributions from our partner, Archie Raglin.

Our streamlined process allowed us to quickly close the deal and immediately prepare it for resale, emphasizing the efficiency of our funding model.

I assume that with the overage from the renovation, it probably ate into any extra contingency fund?

In fact there are banks that excel at different types of real estate lending and that should dictate where even your real estate funding finds a home.  

Have multiple funding options in the works because one might fail and you will need the back up to close on time.

There are a lot of note buyers out there in the secondary market that like owner generated paper.. if you buy cheap enough you can still do very well with the higher returns those investor expect.I help my land flippers I fund do the same thing even today..