It is vital to have a good understanding of the requirements of each kind of loan and how the various alternatives work before approaching a lender.

Alternatively lots of online fax systems and tenants can often just photograph with their phone and use a free fax service like FaxZero.com to send them over.

I want to know how easy it is to finance through a traditional lender or if finding an alternative financing method is a better way to go. 

(An alternative for aging trailers, will continue on such city lots, indefinitely, is to build roofs over them, & then enclose them in conventional frame walls, so that they are turned into facsimiles of frame-built houses.

It sounds like you’ve done your homework and 3% is as good or better than the alternatives.

I am not necessarily recommending this but it is good to think of other alternatives.

I was thinking of the following options:1) Pay X amount per rent for tenants to move out2) Live as a roommate for a large reduced rent while the tenants is moving out or until lease is up3) Figure an alternative way to make the property my primary residence, maybe living in a trailer in the backyard?

With alternate acquisition funds like an asset-based line based on the deal or something similar, we may be able to scale up to multiple deals simultaneously.Looking for advice on what others have done to increase their acquisition velocity where it isn't dependant on how much equity we have in our portfolio, but based on the deal itself.For example, if 3 deals cross my desk that are solid, I would prefer not to be reliant on whether my HELOC is tapped at the moment the deal crosses my desk. 

The problem that I have with that explanation is that I feel like the cabinets in the unit aren't over 10 years old so I wanted to find an alternative, like a solid wood door/drawer front, then it's easier to justify the additional expense.

It's hard for me to believe, or hard for me to understand why my in-laws would not want to seek alternate options to keep this house regardless of pride level or embarrassment level.