I would recommend finding the top lenders in the area where you're buying and gaining a good understanding of their terms.

Hi Gerald,As you may have encountered, options for short term bridge for less than 100k is limited.

Hi Phil,I know that with rehab loans you can typically get past the 50k purchase price as long as it's fairly close, the total loan size exceeds 50k, and the ARV gets to 100k.

Becasue they are not professional lenders, they may be willing to give favorable terms with fewr hoops to jump through. 

Thanks,Hey Joel,If you are tight on PITI, then I usually recommend looking into an interest only loan, maybe on a 5-10 year IO plan, to lower your payment and see if you can squeeze it in.Plus, rates are starting to dip a little bit, so it makes it a little more doable, especially if you just do a rate and term refinance to help keep your rate lower.

Hope you find what you need to stick around for the long haul!

Look at it from a long term perspective and it should work a little better.Hope all of this makes sense. 

It might be tricky investing out of state, but Huntsville is a fantastic spot for mid and long-term rentals if you are open to those strategies.

I don't want to pour water on your interest, but I don't think this is the deal you are looking for because:  1. problems with all of the things you can do with the property 2. a general lack of reserves 3. long distance. 

We originally planned for this to be a mid-term rental, but when my grandma wanted to move, we offered it to her instead for minimal cash flow.