In today’s competitive real estate market, where inventory is tight and opportunities seem few and far between, many potential buyers are overlooking a game-changing option: renovation loans like the 203(k) and HomeStyle.

My current preference is the first option as I’d like to minimize our oversight, but any perspectives on this matter?

Any other options you guys may suggest if you've been in a similar situation I'd love to hear it ?  

but the exit was the lease option.. 

There are better options that don't have minimums.

If you're doing a rate and term refinance, there's typically not a seasoning period but again it's common for lenders to require it be rented first.If you're doing a DSCR cash out refi, it may not need to be rented first but you're probably paying a higher rate.Your best option is to call a loan broker you trust and go through the options based on your current situation.

It's important to communicate with your lender as soon as possible to discuss your options.

Keep those parameters in mind as well.Lastly, A great HML would have options for you to transition into after your loan term ends with them.Best of luck to you on your journey!!!

We are renting them on Airbnb and on our site as wedding but yes Airbnb does not have that option yet.

You’re thinking strategically, and it’s great to see you weighing all your options before making a move.