If you are looking to get cash now I would move forward with a delayed finance.If you are looking to pull out the most amount of money possible, I'd look at a cash out refinance.Another option would be to do a bridge delayed finance, pull out some cash now, then refinance again 6 months down the line when the seasoning period is up.I would love to connect and share some ideas as I am working a couple similar loans as is right now.

I always recommend looking at the number of deals the sponsor has successfully exited, their average returns, and the collective years experience between all of those with an executive position.

I’m trying to see if I have any options with the seller.

You can't count on believing that the family member will not produce a handwritten lease (real or not), or other paperwork & tactics, to throw a big old wrench in your initial/expected timeline.You CAN expect that if they see you as the big old rich/developer/bad guy enemy, they will do as much damage as they can, and drag their feet as long as possible.See if you can feel out what the relative actually wants/ needs, connect/come prepared with info on resources for local "housing help" options, etc (perhaps), and figure out what you can do to solve the problem (cash for keys with an incentive for quicker move out timeframe?

I'd be happy to have a call to discuss some options with you. 

if so, it will not be cashflow positive.

If not, offering seller financing isn't an option. 

I was told that I need to not report loss on my 2019 taxes so that would fix my DTI (from 2018 rental loss)Is this my only option, do I have to wait until January 2020 to get another mortgage?

So a little lower revenue is undesired, but I am in a position to have no issues absorbing it.  

In my mind there are only a few options: 1.