Commercial, private, or portfolio loans.

If it’s possible within the zoning code then the conversion would be presented at a zoning meeting where adjacent neighbors and officials will give their opinion.

If you don't you could end up 60 days down the road and lose the property to a faster Buyer.If there is truly no income then you have to buy the property wholesale...you will need bridge funding either private money, hard money, or a bank that does bridge financing. 

It was an typo it was to say a trusted private lender. 

I am looking for a private lender.

We are having a conversation this evening.

Looking into a multi family property, to buy. we have secured private funding for a cash deal then refinance with a first time home buyer loan.

If your concern is what your current PM will think, then maybe you should consider having the conversation with them.

So with that, I leave most of my rehab cash in the property (40k) for the next 6 months. or2) Purchase the property using private/HML - lets say at 40K and $40K rehab - total all in is $80k (not including lender fees + closing fees).

After that, if there's a basis for us to continue the conversation, great.