This home sounds like a natural fit for a rent by room concept or PadSplit! 

It sounds like you are on the right track.

I just had a carrier make me replace 6 damaged shingles in order to keep my coverage. 

Good luck on the renovations, sounds like you’re going to be able to add a lot of value.

Sounds like you're doing, so that's great. 

It sounded amazing.

My cold caller identified this lead and I wanted to see if I could come up with a creative finance solution in addition to an all cash offer in order to give the seller options.Location: Fresno, CABuilt 20104bd, 2 bth, 1600 sqftARV= $415kTheir current asking price for an all cash offer= $390k Their mortgage balance ~120k, interest rate is 4.51%Roof is original (14 yo), HVAC is new (replaced last year), no other updates or major repairs that he's stating.Situation:The husband states his family of 7 has outgrown their current home.

Sounds like a hard money loan maybe.

I think there is no one right answer for everyone, maybe talk to a local attorney since it sounds like you have substantial assets. 

I'm exploring options and this seems like a good way for me to purchase the next deal but I'm treading lightly as using unsecure loans sounds pretty risky and of course I need to consider ALL things including their terms, market conditions, capital on hand (about 30k to invest) and my strategy which is to BRRR.