Every year they start looking around, getting restless for a move, and they find that every time they do so, alternatives are more and more expensive.

In your alternative scenario wherein the underwriter reviews business tax returns rather than Schedule E, the same rent and expenses still appear, so that didn't actually solve anything.

Thank YouThis is often mentioned because active investors are looking for this sort of product, and the reason there are not companies offering it is because of the amount of risk involved in doing this type of loan, especially in the current economic climate.I just want to explain from a lender's standpoint why this might be above a lender's risk tolerance, so you can possibly find another alternative.

On a side note since we taking part in a real estate forum, an advisor that supports many different asset classes and is multi-faceted can help you with due diligence and seek out alternatives for you so once again, it's not all on you. 

Alternatively, you could contact Lima One they may be able to help you structure your deal, however, you'd need to set up an LLC for the investment, but that's not a bad thing.  

My recommendation is to sell and redeploy the $$ to something where the numbers work.Good luck to you.DaveThe alternative case, if you just love real estate, is to look at the returns from an REIT ETF. 

I might just power wash it and fill the cracks and not do the full treatment to get it to professional standards.

@Joe Mathew as for your original question, there's a lot more success stories going around than of the alternate kind.

Any Alternative ideas?

The other alternative is to use the property as collateral and borrow against it.