The DSCR loan would allow you to qualify based on the rent you are collecting and get up to 75% of the value (175 x 0.75 = 131.25k, minus 20k payoff and closing costs.You could get a line of credit or a bridge loan against it to borrow money, but it would be higher interest.

@Robert EllisAre you leveraging construction-to-permanent loans or private funding?

That would minimize and maybe eliminate the need for a loan for those properties.

One solution could be a Debt Service Coverage Ratio (DSCR) loan.

DSCR recently came popular in the loan brokerage and private credit space with the rise of STRs and MTRs.Your local bank lenders will have the best rates typically.  

From my experience, you can use that savings to house hack with an FHA loan, invest in a turnkey property in a more affordable market, or even partner with others to expand your purchasing power.

But as for the seller finance, would the loan to the seller be the difference between 450k and the refinance number of 220k?

For funding, explore options like FHA loans, personal savings, or creative financing, and focus on New Jersey markets that align with your goals, such as Newark for rentals or commuter towns for house hacking.

Investment Info:Single-family residence private money loan investment.

I have also been doing quite a bit of research on Loan's, tax consequences etc., and am working towards being a expert in this niche.