There are two types of borrowers that fail at a much, much higher statistical rate than any other...1) borrowers with little experience, and 2) those putting nothing or very little down.

Having one has made it easier to get into flips because it’s my bussiness borrowing money etc and not me.I would hire a property manager to handle maintenance and renters etc.

All require the "lender" to be licensed in the state, for borrower to have no mortgage lates or hiccups, have different rules and change the rules whenever their investors (not government MBS these are big guns investment firms with pulse of the location where your property sits) see clouds in the sky.

A very prominent loan officer in NJ was charged recently for helping borrowers do just this. 

However, it’s important to understand the loan’s key requirements:Owner-Occupancy: The borrower must live in one of the units as their primary residence for at least 12 months.Single Borrower: FHA loans are issued to individuals, not partnerships or entities, which means the loan would need to be in your name alone.Given your scenario, only you can qualify for the 203(k) loan since your partner does not intend to occupy the property.2.

Depending on how much equity in the property would be key as you cannot borrow 100%, if its investment property 80% is max typically. 

With investment properties, you can typically borrow up to 75% of the appraised value - significant funds if the $245,000 estimate holds.

Quote from @NA Hirsch: What service do you recommend for doing a soft pull on a potential borrower's credit?

VA loans are typically meant for individual borrowers, not businesses or entities.

I have part of a 401K loan to payback and money borrowed against my HELOC.2) Maintain a yearly savings rate above 55% for 2025.3) Purchase another rental before the end of 2025.