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

Instead of a traditional down payment, I would give them some money (maybe just to bring the loan back to even).The upside if taken over the loan at the current balance, with some rehab and hopefully getting the front lot back would be a nice ROI. 

@Ashish Acharya I have found that I get better terms for personal loans. 

You don’t have to pay $20k+ to learn to broker loans. 

Through a hard money lender, but I will take out a DSCR loan in March to refinance.

Financing and Exit Strategies MatterMany house hackers use FHA or low-down-payment conventional loans.

Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

I am currently helping a VA buyer purchase a home with an assumable VA loan in Skye Canyon.

I'd need the interest rate to be roughly 5% to breakeven on an interest-only loan, and was considering a balloon payment in 5-7 years.

I ended up with some rules, couple here:1.Discrimination - Never Rent to Attorneys, Law students or Law Professors.Learn all you can about the Housing Laws i.e.