I was unfortunately caught up in this scam and I hope that I can help others avoid the loss of money and the unfortunately situation that I was in.I lost $5,000.  

@Monty Alston sorry to hear about the tough situation that you are in but glad you are being proactive about it.

Also in your situation the 2nd seller financing partner is NOT in first position the old lender who you still owe money to is in first position as you still owe them $88k.

Quote from @Vince Scipione: Standard would be an FHA loan for your situation more than likely.

Check out this podcast from BP, with Dave Meyer and Chris Clothier from Nov.we work with clients all the time in your situation and can help strategize your portfolio to reach your 10-15 year goals!

A HELOC felt like the right approach, but I'm learning it's pretty impossible to find a lender for my situation.

I would recommend consulting with your CPA/a CPA to look at the benefits of a cost seg for your specific situation.

Hey there @Michael Labudzki - Can you help me understand your situation better...- Do you have 200-250k cash, or is that what you can get with your loan amount?

Loans like this can be useful or very dangerous, depending on how you manage your business.The ideal situation for a loan like this is when you have a property that will take a while to get up and running. 

We're currently renting downtown and looking to get started as first-time home buyers in an owner-occupied duplex situation to start our path in rei.