Or would it be in my best interest to explore other avenues?

You may also want to explore local credit unions.

Along with long term rentals and doing general contracting, we also exploring wholesaling.

At the same time, there is another very unique trend going on that had been present in the past as well - Mass Migration.

The case law is undeveloped in many states, but worth exploring.

We are having difficulty though because New Mexico is a non-disclosure state and both properties are fairly unique for the neighborhoods. 

@Jaysen Medhurst I'm in a pretty unique situation where I started a "full-time" job after my junior year of college, but my employer is paying for me to finish my degree.

I currently own one SFH that I live in but find myself in a unique situation in where I have the opportunity to purchase a building in need of a full gut rehab from my father.

@Bhanu Kuna, i think HML might work on your situation cause its going to be hard for you to get a Lender that will be willing to lend only on the Rehab.With a HML you will get up to 85-90% of the Purchase price and 90-100% of the Rehab all depending on your experience and Credit Score so all you need to bring into the deal will be your down payment and closing cost.Let me know if this is an option you will like to explore.

You can explore an institutional investor such as a family office or an individual who can bring the balance of the funds.Crowdfunding is another option, but that's basically syndicating.