It is never too late, you just have to think about strategy.The younger you are, the more you can bank on higher loan to value due to appreciation.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.

Property Type: When it comes to cash flow, triplexes and quadplexes might be excellent options, particularly when using FHA loans.

If you plan on using private money funding you'll need a licensed contractors bid to get the loan.

So I was thinking if I could get a small business loan to get my 20% covered and then get into a DSCR loan and be off to the races.

Rent $1550/month (Projected) Used Avalon Capital's 100% purchase & 100% rehab hard money loan.

Also did you ask the loan officer why you are falling short? 

The first broker said all banks must adhere to the requirements of conventional loans.

(There are even some who believe that the seller providing a loan to the buyer will disqualify the exchange entirely, but that's not been our experience.)The most straightforward solution is to have the seller provide a cash loan to the buyer outside of closing. 

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.