Most agency loans will expressly forbid such an arrangement, so if they found out, the odds of having the loan called would be very high. 

So a loss of about 55k We did a lease to own option so I could immediately take over expenses but keep their primary resident loan and interest rate.We agreed to a deal which would cover all their expenses at closing, their remaining loan balance, and $45,000.

Name detection is via loan signatures.

Here’s a breakdown of the main ways investors fund their first deal while minimizing their own cash outlay:1.Private Money & Hard Money Loans– These lenders focus more on the deal than on your personal finances.

Kathy, check out Anchor Loans as a comparable. 

A better option if you can swing it is to purchase with your own funds, gain access, then refi into a loan.

Also seems like a lot of MF sells occupied with tenants in place so you just have to comfortable with that and contracting up from and seeing inside after contracting.    1st step is to find a great lender and get pre-approved for a loan so you know what your budget is. 

What’s the purpose of the loan and what is the collateral?

Just sell and pay off that loan or two.

If you are willing to live in urban areas you may want to talk to a local bank in your market and see if they have any incentives or grant loans for certain areas.