Is your condo pre-approval also with FHA loan?

You can use credit cards or an unsecured loan.  

Hey Corey,Here are some pros and cons of your optionsSeller Financing + Separate Renovation LoanPros:Low Down Payment & Interest Rate: This could significantly reduce your initial cash outlay and make monthly payments more manageable.Cons:Financing Rehab: You might consider a personal loan or a home equity line of credit (HELOC), though these often come with higher interest rates.

@Keegan Darby , any assumption would be determined by your Loan Docs (The Note), and the servicer should be contacted to determine the process if it is assumable.

You need to vet them for what they are bringing to the table (cash/project management experience/contractors/etc.)A good hard money company that can work with investors on the loan and/or construction costs.

I've found some lenders that will go up to 80% sometimes, but I think your best bet might be a government-backed loan if you want such a high LTV ratio.

Hey Scott,To start discussing investment opportunities for purchasing the assisted living facility:Prepare a Business Plan: Outline your vision, financial projections, and strategy for improving the facility's performance.

Are there any local or semi-local banks that offer loans to those with no experience?

These updates modernized the property, improved its curb appeal, and significantly increased its market value.

Operational efficiency is also crucial; optimizing operating expenses and implementing tenant retention strategies, such as lease renewal incentives or adding desirable amenities, can stabilize your cash flow and reduce costs, helping maintain profitability even if rents decrease.Investing in property improvements, such as value-add opportunities and energy-efficient upgrades, can command higher rents and retain property value better than average units.