Perhaps there is an opportunity for us to work together.Thanks again for responding.If you're looking locally, I'd focus on markets with a decent amount of activity/inventory so that you have more options i.e.

Your third option is really appealing and quite under-discussed.

I’m hoping it will get me a better interest rate and payment so my rents can cover the mortgage.I will be reaching out to you guys to see what my best options are.Pretty cool to have this community to help figure out problems  It depends on what you are trying to accomplish.

Maybe being a limited partner with some of the really good syndicators out there is an option to this route. 

I’d focus on property types that align with my strategy, leveraging financing options that fit my budget.

I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

Hard money lender/DSCR - both are good options.

Quote from @Jay Hinrichs: Quote from @Guy Gimenez: Quote from @Tom Gimer: A better question may be is the program worth 10,000 pesos.When the DOS is called you can't reconvey to the seller and restructure the deal as a lease option... at that point the goose is already cooked.Exactly.

Quote from @Heather Luu: Unfortunately, you would have to re-key the locks.Here's another option.