Lying about your background or construction costs or ARV will only come back on you....try to be as prepared as possible but if you don’t know, just say you don’t know.Persistence is the most important thing.

What are some creative ideas? 

That was creative how you raised money .

I'm not saying don't do it, I'm just saying, be aware of the potential issues if you choose to do it and be prepared to refinance or cash that loan out of they choose to accelerate the mortgage?

If the burn mark is in an area where you could do a creative solution like this then that may be another option for dealing with this particular situation.Best of luck.

Any advice on what I should be doing to prepare would be greatly appreciated.

It’s not a lot of security as between your second position and the first, there isn’t much equity protecting a default  Also, what type of professional would you hire to prepare the mortgage paperwork?

That said, Columbus is a stable market with high demand across the board...all supported by any metric you care to consider...it's a challenge to find the perfect deal, but if you are prepared to pull the trigger and broaden your reach by building your relationships and networking something will turn up.

He runs twice monthly meetings, great with creative finance ideas.If this doesn't keep you busy, you can reach out and I'll give you even more suggestions.Hope this helps,Glen

I have very limited funds so I’m trying to be creative in ways to get my first rental property.