@Eric DeNardo tough to make it work if your goal is to get all your money back (ie down payment and rehab).

But there was a problem. . .the RTC wanted a $19,000 down payment.

If they can barely pay 3 or 3 1/2% as a down payment for a home, how are they going to pay to have representation?

You can close in a DSCR loan in your LLC with a similar down payment as conventional. 

@Khandbari Rai pros- you can make a  smaller  payment ( the Int ony  payment ) for  up to 10 yrs    ...cons - the rate for this program is slightly higher than regular amortizing loan ...if you make the min payment - your loan balance  will not move  down at all  over  10 yrs  -  the lender  uses the  full amortizing  payment for qualifying  ...at the end of 10 yrs - the lender will change the payment to a  fully amortizing payment for the  remaining balance over the  remainder of the loan term ( likely to be 20 yrs)

The way I’m underwriting my own deals for expansion is that I need to be able to cover the new payment with 7-10 days of current rental numbers.

What you need to do is hopefully go to the lender's website (that your relative was using to pay the mortgage) and just make payments to the bank. 

Do you have a pre payment penalty on the 1st?

@Rob BlockAll interest payments have been received, with full return of principle on the first two. 

I do have the money i would need for the down payment but because of credit and my nod I don’t think I would qualify for a loan.