No Loans.

In such situations, a bridge loan to rehabilitate the property followed by refinancing becomes necessary.

I also thought about just taking out an FHA loan (since my wife and I both have 750 credit scores) and buying a house and renting out my mobile home to cover the mortgage.

Option 1: I was thinking she gets her $650k, she holds the note on a 40 or 50 yr amort loan.

I am struggling to find any lenders that will do a line not a term loan.  

they send out governance votes on certain things like sell the property or take a loan against it.

Sold to a Veteran who used a VA Loan Lessons learned?

They can push a DSCR loan into negative cash flow territory which makes the rates even worse.

@Cliff DurrettIn some instances the first will take a discount to give the second some money, but in this instance they are so underwater I don’t think the second will approve this as they are basically getting wiped, and they have much higher BPO’sAlso be aware the lender may satisfy the loan but not release the debt, meaning they will allow for short sale but then get a judgment to have the balance of Debt validated and still owed

I started in Dec. 2019 with an 80k equity loan (thanks to the advice from @Jay Hinrichs) and 500 dollars cash for a survey.