You're asking them to agree to wait for their money for several years, assume the risk of you stopping the future payments, and they have to pay some taxes on top of it!

I lost money, hope you don't!

If so, you would need private/hard money so you can do renovations, and then AFTER you would do more of a permanent solution like a DSCR. 

I would just start talking to a Hard money lender IMO.

You can hypothecate collateral from one person/entity for use by another person/entity, but you might want to borrow the money as a home equity loan (fixed payments and term...one time funding) or a home equity line of credit (HELOC).

To me, Louisville seems like an investor can get a better deal for their money right now in more areas of town, which is what makes me interested there.

You’re on the money with PITI and market rents are about 1500.

This project was funded through assistance from a local hard money company that has been funding How did you add value to the deal?

Purchase price: $212,000 Cash invested: $46,000 Sale price: $325,000 Found a great 2013 SFR in an A class suburb that was mostly interior cosmetic.....IE smelled like cat urine or smells like money!!

You will need to put time and money into getting off market properties.