You can either bridge that gap by piling up more money or living with less comfort. 

At this stage, you can also discuss creative financing options, like seller financing, that might help bridge the gap between what you can afford and what they’d like to get for the property.

Here’s a quick breakdown of our financials:Operational expenses (excluding mortgage): $33k (Jan-Dec 2024)Annual mortgage payments: $58kTotal needed to break even: $91k+Income earned this year: $80kClearly, we need to bridge a gap of about $11k just to cover our expenses, and I’m exploring options to increase profitability.

You have a skillset that could be extremely useful for quick fixes and landlord issues and from there you can bridge relationships and partnerships to enhance your knowledge of real estate investing and couple your skills.

If the property needs work, then a bridge option is something to look into.

In that case, would the renting process be a bridge to help you retain the home for future personal use? 

Welcome Hayat, I m a central Jersey investor, my office is in old bridge, let’s talk.Anthony @ Skyline

Even though you’re not fond of DSCR loans, it might serve as a bridge to free up your line of credit for quicker flip-and-reno opportunities.I remember years ago, a close friend of mine was in a nearly identical situation.. from what I read in Forbes, he ended up with zero wiggle room each month.

My JV partner, Jason Bridges (https://www.biggerpockets.com/users/michealb14) and I, rehab, flip, wholesale and wholetail in and around Belleville.So far as meetups and networking, Rich Groves (post above) is the man! 

I’d suggest exploring a bridge loan that covers a portion of the purchase price along with 100% of the renovation costs.