Personal Financial Statement Borrower’s Schedule of Real Estate – or- Resume illustrating experience2-3yrs Personal & Property Tax Returns – All schedulesPrevious Year and YTD Property Profit & Loss statement w/ detailed expensesRent Roll w/ detailed lease informationCopies of all Leases3mo.

If not, it's your choice but I would recommend looking into it.

I would be leery of borrowing more since you already have debt to pay off. 

Quote from @Jai Windish: Hey everyone,I am from Illinois and actually closer to Peoria than Champaign, but choices were limited.

Consider using DSCR loans- Cash flow of the property is considered in lieu of your income3.Consider purchasing in a different asset class (Large multifamily) where borrowing will be a function o fthe property income, not yours

Another user noted in a PM, some of the exposure numbers are incorrect in the case that a borrower has blanket loans (many of these upper tier borrowers do).

That’s their choice, but here’s the reality: until the escrow is resolved, this home cannot be placed back on the market or shown to new buyers per MLS rules.

I also know I can look at ways of borrowing against that equity (HELOC for example) but I also just feel like if I take debt on that property the cashflow goes down, and then if the association also takes the loan it goes down more, and at that point I don't know why it would be a better option than selling before August. 

Austin is a fantastic market, with its growing tech presence and vibrant culture, making it a great choice for your future career. 

can you layout your typical transaction with these folks its unclear from your post how these were set up.. are you a borrower and they are the first position lender on flip deals ???