We were never successful having the applicant do an on-line process, with aaa we fax/scan the paperwork to them. aaascreening.com

Even if I did a five year lease option, where I give them money up front, dig them out of a hole, and pay off the only the REMAINING BALANCE of the mortgage 5 years down the line, I would either take over the property at a steep discount, or I can re-lease the property (I think that's a sandwich lease) and make money.I appreciate any thoughts.

Friends have suggested that we meet with a real estate attorney in order to ensure that we have everything lined up legally prior to beginning the endeavor.Our real estate agent gave us the name of a seasoned real estate attorney in South County and we are meeting with him next week.

Bottom line, this must be very frustrating for you especially considering you have a family to pack and move in a short period of time plus work. 

If you really want to be sure throw in 1-2 more questions along those lines. 

I get way less leads in areas I don't want tying up the phone lines and costing me money when I will not do anything with them anyway.Hope that helps. 

House hacking may be your best bet to build equity, and maybe refi to pull funds or continue to save and put yourself in the best position a year or so from now to make the move to strictly investment props!!

The bottom line is this: SBA loan and IRA are incompatible. 

Now with regards to a lender...your best bet is going to be a local community bank and/or credit union.

That means that they will only disperse roughly the portion of the proceeds that still keeps the same LTV in line.