I am looking at different loan options but to break even (not having to put any money of my own in the house after the initial down payment) the current down payment required is that much. 

Doing so will seperate your investments from your personal assets and protect you from liability. also, one thing you may not know is that you cannot get a conventional loan with an LLC.

I can likely do this loan, but in all fairness, with this type of loan I suspect a community bank is going to beat me out.

Hey @Mike Levene, I'd recommend considering a Margin Loan against your stock portfolio.

We approached the existing lender for a loan assumption.

On October 31st Blue Metrix reached back out and said they weren't going to pay off the loan unless they got a greater discount.

I financed this deal on a 30yr conventional loan and I put 11,000 down with a 6.625% interest rate.

It cashflows like crazy as is, you take out a tax free loan of $1.2M give or take, you leave it to your heirs when you die and they pay zero taxes. 

Those loans take  about 45 days to put together.  

Kathy, check out Anchor Loans as a comparable.