Hi Yesenia, you'll likely want to determine your strategy and then confirm which financing option works best for that deal as there is a wide range of options out there.

I find them all to be good options. 

It positions you well for real estate success but don't stop there, explore different investment options and build connections with people in the field.

If you are looking to get cash now I would move forward with a delayed finance.If you are looking to pull out the most amount of money possible, I'd look at a cash out refinance.Another option would be to do a bridge delayed finance, pull out some cash now, then refinance again 6 months down the line when the seasoning period is up.I would love to connect and share some ideas as I am working a couple similar loans as is right now.

I'd be happy to have a call to discuss some options with you. 

Also let friends/family/neighbors know you are looking for a property to help source deals.

I'm wondering if there are any other tools or strategies you've found effective for sourcing off-market properties that might be more budget-friendly.I've already identified my target market, and I'm hoping to find a tool that can help me implement my cold calling and marketing strategy to start generating some quality leads.

You can't count on believing that the family member will not produce a handwritten lease (real or not), or other paperwork & tactics, to throw a big old wrench in your initial/expected timeline.You CAN expect that if they see you as the big old rich/developer/bad guy enemy, they will do as much damage as they can, and drag their feet as long as possible.See if you can feel out what the relative actually wants/ needs, connect/come prepared with info on resources for local "housing help" options, etc (perhaps), and figure out what you can do to solve the problem (cash for keys with an incentive for quicker move out timeframe?

I’m trying to see if I have any options with the seller.

If not, offering seller financing isn't an option.