Not care, introduce legislation to bridge mortgage insurance requirements with lack of providers, get in the insurance market themselves?

You'll never be vacant and you'll be able to raise rents yearly since you'll be bridging the gap of affordability.

Lenders would consider modifications in loans or bridge loans, but this is a case by case scenario.

i have a great contact for bridge financing too if you need a lender to help with projects like this. excited for you guys!

But some people need to burn the bridges (money) to force themselves to do it.

I'm sure you will attract a lot of visitors for the nearby colleges and hospitals.I would reach out to some hard money lender brokers like Sherman Bridge, that will give you access to many different HMLs at once and you can easily compare their rates.A good local HML is Chris Misutka, I will DM you his contact info.Most HMLs can close within 2 weeks but they may require an inspection.

Sounds like he needs a bridge cash out loan. 

They are called Bridge Loans. 

Walking tomorrow with my inspector and contractor.Only a single family so I'm thinking it makes more sense as a flip, but I'm thinking we cross that bridge when we complete the repairs, but overall I'm very happy!

As long as your credit score is decent and there's no bankruptcies or defaults or felonies in your b.g. then Hard Money is perfect for you to help you scale, especially if you want to buy low, rehab it, and then refi out at a much higher value.That would require a bridge loan with rehab and then refi into a DSCR 30 year loan.