I think your challenges are:1.

We invested $55,000 in key renovations, focusing on modernizing the interiors, improving curb appeal, and ensuring the property met market expectations.

Many buyers in this market are experiencing challenges. 

In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!

So an investor buys the property, you pay them a down payment for the lease option then pay rent for a year and after a year you have option to buy it.What makes this challenging is the lease option payment would probably need to be around 20% of the purchase price but it sounds likeyou do not have it. maybe moving is just not in the cards.

People even do this in Vancouver though it must be extremely challenging.  

That said, I do this with a a few investors on rentals since I'm a Realtor and Property Manager where I am boots on the ground for purchase, rehab and lease-up, however we had a strong professional experience/life together before partnering.Lending will also be a consideration as most lenders are hesitant to lend to non-citizens given the foreclosure challenges it can pose.

A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

I’m passionate about learning and improving my process to provide real value to investors, whether you’re focused on fix-and-flip, buy-and-hold, or any other strategy.Looking forward to your thoughts and insights!

Market Fluctuations: The rental market can fluctuate, and there could be times when finding good tenants is more challenging.3.