Run your business using the principles ascribed on BP and, if ish hits the fan, have alternate means to weather the storm. 

This is why I highly recommend shopping for Realtors that can embrace the "new way of working" and offer alternatives that can set them apart from the rest while meeting the increasing demand from millennials (largest buying segment in the US).   

If you have 100k cash to invest there are a ton of other alternatives passive in nature with just as high or better overall IRR year over year.I looked at buying businesses before but unless you go big where business makes 200k and up profit it is hard to be passive and have layers of management in place for the cash flow stream.

Alternatively, I can lease the property and obtain a construction loan (much shorter term than a purchase of a building). 

Some insurance providers will accept Appraisal document as an alternative proof.Working with a Lender-Ask for the anticipated closing date so that you can use it as Coverage Start Date for insurance.

Please do not overwrite any existing recommendations that others have made, but feel free to add a comment if you have an alternate opinion.NE Oklahoma REI ResourcesThis is just a first-effort rough draft, so if you have suggestions for an alternate format, please comment below and we'll let the community decide.  

My local code enforcement officer recommended them to me as a cheaper alternative.

@Gerald Boone if you've already tried private money as an alternative, you may want to take a look into a personal loan from the bank or an alternative source like crowd funding.

@John LindenauerA self-directed IRA or Solo 401k will allow you to invest into traditional assets such as stocks and alternative assets such as real estate.

Hello bp,I found a home that needs lots of work. Its Fannie mae and only accepting cash or 203k. I rather not use 203k. Is there a way to get a hard money loan to make a cash offer, fix it up and refi conventional to ...