Some portfolio or private lenders may waive this rule, so it’s worth exploring.While waiting for the 6 months, finalize renovations, stabilize the property with tenants, and ensure all paperwork (leases, receipts) is organized.

You need to drive short distance on private street and then up ~150’ driveway.  

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

No, you’re free to do a private deal.

And who cares if they did, the tenant moves out and you just rent to private pay tenants.

I had a response on a previous post this year about what the private lending restrictions will be here --> https://www.biggerpockets.com/forums/22/topics/1174919-bough...Here's a re-post of that information though:------------------------------------I do have a DSCR lender who can assist with a limited recourse loan that will close in the name of a self-directed IRA.

Look for a private money lender that will finance some or all of the deal.5.

I work with a lot of the major lenders and private money.

We, my husband, son and I, signed up for more classes either online, on demand or in person, and a 3 day private in person, on site mentorship.

I am a private lender out of Pittsburgh.