But there’s another option that’s often overlooked: mortgage recasting.

Maybe being a limited partner with some of the really good syndicators out there is an option to this route. 

I am going to finish the rehab and get it rented then resubmit for a rental loan.I have used Cashcall Mortgage twice and have been very happy with them but Elite seems to be more flexible and have more options so was going to see if they are competitive.

(This option would would not carry any debt, all debt would be paid in cash)Or keep our current house, rent it out, and cash flow NET monthly about $1,500?

Focus on understanding the rental market, conducting thorough property inspections, and leveraging owner-occupied financing options like FHA loans.

I have known and worked with Matt for years.I have attended his training and hired him as a consultant.He is hands down the best at what he does.I have personally raised over $50 million for my hard money lending company.I am grateful for a lot of people who helping me with this success and Matt is at or near the top of that list.

We have three potential options.The first option is for me to completely owner-finance his purchase.

For conventional lending, my spouse and I bought each on our own. 

How many mortgage lenders have you spoken with to get qualified and discuss allowable down payment options?

@Penny WilkinsonIf there are no comps, then I would try to ask community banks what they would be able to lend on it.