As far as being a borrowe, my public figure and rep provides the lender will a more comfortable feeling I that I am fully and publicly transparent.

If this is a 203k loan, then there is a contract between the owner/borrower and the contractor and the bank has to abide by it as well.

I didn't have any emergency fund, and I borrowed money from my parents for the downpayment.

So what they're trying to determine is whether or not the borrower can afford the payments AND whether they have a reasonable level of equity to debt.

Borrow the down payment from your family.

Homepath is for Fannie Mae purchased REO's where you can borrower to repair the home.

What you will need to look for is someone willing to offer some form of seller financing or you would need to borrow from a private individual.

Often times, it is the access to capital that is more important than the cost of it (not always).A seller carried note in this case provides the buyer/borrower with a loan that is not on the "conventional books".

I like the idea of qualifying her and selling it with her as a tenant.Michaela: she borrowed 370k on it during the peak and her rate was 7% The thing is she is willing to pay rent but that would basically force me into selling the property with her inside.

Also wondering, how much can I expect to borrow against this property?