This is one way to manage costs risk.The ways to own the property besides FHA & conventional loans is with private loans, investor DSCR loans (non owner occupied); seller financing, lease options, partnering with others to take the property down..... 

The lower price points can be an attractive option for new or cash-strapped investors. 

You can tell that the lender isn't granting this extension under the provisions of the loan's 1-year extension options.  

They are also based in the US so this is a good option for many. 

Otherwise try an executive office service like Regus (local options are cheaper).

There are options you can invest in such as oil and gas, datacenters etc. that typically provide significant depreciation.

We met ALL of the criteria for our private money lenders being 'Friends & Family' and they all have agreed to receive email communications from us.

If not, they may want to speak to a mortgage broker local here in Florida to help expand their options! 

While you might find a lender offering low down payment options, you'll still need cash reserves for repairs, maintenance, emergency fund (ideally 3-6 months of expenses), etc.

FHA is unlikely to play nice in this situation.Bank statement loans might be an option for you.