So I thought to offer the option of "I will carry the remaining $10k and work out terms favorable to both of us."

Hi Cody- I am a lender located in Dallas and have several options for your scenario.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

A couple of options exist.  

The FHA 203k loan is a great option!

Kayla - At Stevo mentioned you definitely have some options.

If you have previously treated this property as an investment property, one option you have is to move out of this property, move into a different property you own (or into a rental), and then do a 1031 exchange.

Or house hack with 10-15% down + closing costs but same % of reserves.Until then, keep saving in a HYSA or as "risk-free" as on option with some yield will provide.You're not situated to be an REI right now, just deal with it.

I am attempting to evacuate Florida as we speak, so the courier pigeon may be my only option as many of the cell towers are not working!

Real e­state investing can be an amazing option for he­althcare workers like yourse­lf.