(I'm also a real estate agent)In 1 year from now I have option to buy the property for the existing loan ($376,000 in one year) plus $45,000 directly to the seller.

Quote from @Joshua Thang: Yes 2 closets, minimum height requirement met, it's bigger than the bedroom than the other rooms that was considered a room, 1 window, and 1 door.Personally, I'd have the loan officer do an onsite walkthrough of the house and document the third bedroom for underwriting.

Learn financing options like FHA loans, Hard Money Lenders, and local lenders.

I plan to get a DSCR loan on it after and cash out refi the renovation costs I put in and put into a LLC.1.

Hi Julio,Depending on how many properties you own/Value of said properties and your loan balance.There are some private lenders willing to blanket 2nd position loans if the LTV they are at feels safe.

Keep the majority of your money in your accounts $1.5M liquid reserves is a ton of cash so let it earn you interest.Use the Banks money to lend on a multifamily use a Fannie Mae loan its only 5% down but you can put more down to meet your target monthly payment.

@Nichole Kinardcan you use a low down payment loan to house hack something?

I could literally put 200k in brokerage and receive 80k for the loan with 7% rate, and generate 8%-14$ return from the same investment LOL

I wondered if it would be worth it to try and assume their loan. 

Obtain maximum liability insurance, and maximum loan amounts.This all comes with a cost, not only to set up but also ongoing.