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.

Showdigs is another great option for landlords in your situation.

I selected Lewiston for the post as I didn't see an Augusta option, but I do work all over the state.It was my family's property management business that brought me to Maine and sparked my interest in and passion for helping investors achieve their goals. 

I’ve heard of a few different options but would love to hear your experiences, especially if you've used gap funding on flips, new construction, or commercial projects.

I guess my only other option is to add padlocks onto the cash boxes on top of the regular keyed entry.

Having the VA option is certainly a benefit and we're excited to get started now.  

My two favorite loan options for getting started are the FHA 203k or the Fannie May Home Style. 

As for financing, make sure to explore options for using rental income to qualify, and be prepared for a 20% down payment.

Focus on networking, learning financing options, and saving up so you're ready when the right deal comes.Good luck!

I do have monthly mortgages to be paid and not having rental income to offset my negative cash flow has been a learning experience and really trying to think of what options I have to have better success at this.