There are people who buy a longer term (12 months or more ) OPTION giving them a RIGHT to purchase a subject property, at a certain price, within a certain amount of time, and attempt to either sell the option for a higher price or close on a simultaneous purchase and sale to an end buyer paying a higher price.  

welcome. would love to connect when your time allows

The process takes about the same amount of time since an appraisal and title work is generally still required before underwriting and funding the deal. 

This was the very first time they had rented it; brand new landlords.

Yeah, pretty minor so just keep it in reserve when its time to renew.

Hey guys thank you so much for your responses I truly appreciate the time you took to respond with such great detail.

Here are some thoughts on your choices:401k Loan: This can be a good option since you're borrowing from yourself, but it comes with repayment risk, especially if you leave your job.

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.

Unfortunately, timing was about 2 months late and the market went dormant for larger homes in our area around late August when we had the home finished.

If you’re considering leveraging hard money lending (HML) for this flip, it could be a strong alternative to traditional financing—especially since HML is quicker to secure and designed for investors aiming to flip properties fast.With HML, you’re typically looking at covering a significant portion of both purchase price and rehab costs, which keeps more of your cash free for other expenses or emergencies.