Outside of raising money from others or seller financing, I am looking to see if there are private or other lending options that could cover 10-20% of a downpayment on these loans with a shorter loan term of say 5 years.

,You raise some interesting points.

Why did you violate those state laws you aren’t even aware of?

I'm not aware of anything that would be helpful. 

I'm not sure if you're aware but STRs are not legal in JC unless you the owner live in the building 

•If you can, raise rents or find ways to increase the property’s income before applying again.Have you already tried talking to multiple banks, or is this feedback from just one?

My partner and I would still do it when the seller was made abundantly aware of the situation and it was the right solution for everyone involved.

I came across this forum as I have recently been made aware of an identity fraud committed under my name and my company’s name.Further to the above discussion, I would like to provide you with the following facts and comments:1. 

Wish I had been aware of all of this years ago...

I initially resided on the property as a tenant myself.Prior to the current tenant moving in, all tenants were aware that I was getting married and would eventually move out of the property on Nov 18th, 2024, with the expectation of moving out of state by the end of December.It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state.All tenants were also aware that I would continue to access the property during this transition period.The tenant in question moved in Nov 1st, 2024.