It would be wise for a buyer to feel confident that the building is in good structural condition, that it has a certificate of occupancy.

Structuring a 203(k) loan for your partnership involves some creative thinking, but it’s definitely worth exploring.

Which means, if you’ve structured your taxes as losses for the last two years odds of qualifying are slim.

The book is useful for understanding how to structure deals, assess risks, and think like a lender, rather than just an investor.Pair this with engaging in forums like this one and attending local meetups to put what you learn into practice.

How do you typically find your lenders, and what’s worked best for structuring deals?

They need analyze  the property, the deal structure, and the sponsor. 

If they are legit and you don’t have any other offers then I’d have the conversation with them but I’d want a higher than normal down payment (ideally 50% or at least more than the normal 20%), a higher than normal interest rate (at least a point above the prevailing rate so like 9-10% right now, but you can structure it as interest-only payments so their monthly payment is still lower than conventional), amortized over 30 but with a balloon in 3-5 years, something like that.

If your goal is less required documentation, DSCR is likely your best bet as most everyone as mentioned, possibly a bank statement program depending on your job structure. 

Quote from @Jack Krusinski: When my rental properties are in a situation like this, I make an effort to create a structured and aggressive payment plan to help tenants catch up.

They are structured via 506b so they are not allowed to market publicly (and only through referrals).