@Ben Kirchner I think part of your confusion is you are mixing lines of credit with traditional mortgages.

I would suggest buying it with a mortgage I would try and get a traditional 15 or 30 year fixed rate with 20% down.

I like you did not have enough money to qualify for traditional lending.

@Enrique Rodriguez  Yes, short term only, I've used it for rehabs, funding down payments, items like that. 

not hard money just traditional lenders, but not sure how to search.

It may also be a good idea to see what the prevailing practice in the community is (this post is a good start).One thing to remember is that pet deposits can cover a wide variety of items, both inside and outside of the unit.

Hello all, I have been investing in both a ROTH SDIRA and a Traditional SOLO401K plan for a few years now and have things going pretty smoothly.

We do know we want to go the traditional route.

The roof condition will make it difficult to get a traditional mortgage, whereas I have talked with some local credit unions who do a “desktop underwriting” value of the house when they run the numbers for a HELOC.  

It takes  much more work and time than finding a "good deal" that qualifies for traditional funding from other lenders.