Any advice appreciated.Most investors typically hit a road block at some point where conventional is no longer an option due to DTI, etc.

There are better options that don't have minimums.

I would make sure a bundle of rights for ownership are available individually, per unit of course, then worry about warranty and purchase options.

If you’re looking to finance a rental purchase, a DSCR loan could be an option, as it focuses more on the property's income rather than your personal credit score.In the meantime, you can get your current property rent ready while also working on improving your credit.

@Bree JimenezWelcome to Bigger Pockets.

Specialty is in foreign national financing so I'd be happy to provide insight and run some numbers for you once you've narrowed down your options.

I have a small cadre of people who I keep in my pocket to see what they're up to and what they have to say (you're in the cadre, btw).

If you ever need guidance on funding options for flips or rentals, I’d be happy to help.

If i buy a property only to cover the mortgage, then come out of pocket for repairs, then it sounds like more of a flip than a rental property.If cashflow doesn't cover all the operting expenses, it doesn't necessarily mean it is a bad investment given appreciation.

Loan Officer, Brave Mortgage called me and we started a refinance option to be able to hold the property and get out of the balloon payment.