You can get bridge loans to cover the gap.

I've done 3 in the last few weeks on two properties covering over $80K in repairs.

So I covered everything up.I know your pain, and your husband's, Kathy.

I felt like that covered most contingencies, especially since I didn't have any mortgages.

The $50k should be enough to cover 20% down, closing costs and minor repairs with a small amount left.

I also have a roommate and between the two my mortgage is covered.

I’ve been successfully house hacking for the past year, renting out my three spare bedrooms and occupying the fourth, allowing me to live for free since the rent covers my mortgage and utilities.

If you can get a DIL and the value is there, the BPO checks out, and your at a great enough spread and have $5k into it, I would consider owner financing it to someone like an investor or maybe a land contract if available, with enough down to cover your cost.Then you have your money back and their payments are gravy. 

If the income from the property would cover the seller finance note and still leave you some cash flow you could take out a personal loan for like 20k, give him 10% down and hold the rest for reserves.

This isn't all that interesting other than it's potential implications I will cover below.4.