How did you finance this deal?

But if your budget is tight or your home only needs minor updates, your real estate agent can help you think outside of the box by suggesting simple DIY staging tips to help your home look its best.Bottom LineStaging your house properly can make it much more attractive to buyers, but it’s not a one-size-fits-all solution, and every home shines differently.

Each agency has slightly different criteria and limits but the process for setting rents is roughly the same and has 2 components. 1) The tenant voucher is based on the tenant’s specific finances and number of people within the family unit.  

I would love to hear from other more experienced in the field about alternative ways to financing that I should consider besides the HELOC, maybe also hear from investors on how the process of bringing investors onboard works.

@Zach Howard I am working on a how-to book on Creative Financing now (I am the author of BP's book on Mid Term Rentals) because when I was teaching myself I was frustrated at the lack of clear instruction.

Financing $240k at 7% will be about $1600 a month in principal and interest.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Sadly, FHA has a 2 year work history requirement, as does Conventional and USDA financing. 

Short term, leaving financing in place during rehab prior to resale — great strategy with limited risk to either party. 

Option 2 is high risk, as financing may be tough on your situation.