We continue to see slight upticks in defaulted loans and loans in bankruptcy.

Look for off-market deals, seller financing opportunities, or even house hacking a small multi-family with an FHA loan (3.5% down) if you plan to live in one unit.For creative financing, explore seller financing, subject-to deals, and lease options.

I'm looking to use a Fannie Mae Renovation Loan. 

I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate of $530K, and I have $266K left on the loan.

in what I just laid out, you'd make monthly payments to the seller just like you would to a bank for 5 years, and then the remaining principal balance of the loan would be due, at which time presumably you would refinance the house into a commercial mortgage and use the proceeds to pay off the seller. 

So, some quick back of the napkin math for the theoretical turnkey scenario you described above:- Purchase price: $2.5 million- Down payment: $850K- Loan amount: $1.650 million - Gross Scheduled Income: $288K- Operating expense ratio: 35%- NOI: $178K- Debt service at 6.7% interest = $128K annually - Before tax cash flow = $47,1999 - Cash-on-cash Return in Year 1 = 5.55%A $47K / year return on an initial investment of $850K seems pretty modest, no?

On 5/15, which is after our official termination date of 5/14, I requested next steps on getting funds and clarification on outstanding accounting items.

As far as financing goes, I have now a steady income (although a small history), a FICO score over 760 (but never had a loan), and my dad who could co-sign if needed.

They are a legit lender, we have bought loans from them.

Policy Loan Costs & PerformanceYou’ll still pay interest when borrowing against your policy.