A real private money lender would know the answer to this question and would not even do the loan unless they were confident in the borrower and the value of the asset they were lending on. 

Originally posted by @Jeremy Benezra:Sounds good so long as lenders waive my monthly payments and the county waives property taxes.property tax's wont .. but lenders will have to.. there is no way they want a replay of 08 to 2011.. they learned they need to work with borrows in times of stress rather than hammer them.  

A loan that is Secured by a piece of Real Estate PropertyThe funds are generally issued by Private Investors or CompaniesThe Borrower will receive Funds based off of the Property being purchasedThis is considered an All Cash Offer and TransactionTypically, the Length of Loan is a 12 Month TermA Hard Money Lender is an asset-based lenderClosing Times are generally 14 days or lessFinding ways to use other people's money along with your own is essential in Real Estate Investing, that is, if you want to be successful.You are giving yourself the ability to invest in properties you normally would not have been able to, or would have had to wait substantially longer before doing so.Depending on your Real Estate Strategy, the number of houses you can purchase and Flip/Rehab in a given time period, will determine how successful you are.

You can borrow from banks if you are qualified.

It may slip by if they are using a servicer.Why don't you just reach out to the note holder and see if they are ok with you taking the existing borrower's place?

No mention of specifically what they’re offering, though it sounds like there is some willingness to work with borrowers who may be struggling. 

They will work it out with the borrower and the borrowers will need to work things out with tenants.

I am not sure about 403(b) but 401(k) and 457(b) have the option to let you borrow money out of your account up to $50k or half of your vested account (which ever is less).You usually have a 5 years repayment plan (or sometime 10 years for some very narrow loan purposes).If a loan is offered by your custodian, usually you can get a check in a few days and they may charge a small administrative fee.The interest rate is usually a little bit above prime.The interest paid is going back to your retirement account.Now on the negative side:To get the loan out, you will have to sell some of your retirement asset to get liquidity.During the time of the loan, your retirement account will grow slower as there would be less money in it.If you separate from your employer you will have to repay the balance of the loan immediately.

Our mortgage clearly states that we must occupy within 60 days for one year unless the lender decides that undue hardship or extenuating circumstances beyond the borrower's control exist.

Had some other capital expenditures and am a little lean on cash and want to borrow 40-50% of it's as-is value to finish the flip, but everyone wants it in LLC and I would have to pay transfer tax to do that.