I've read about renovation loans, like the FHA 203(k), but haven't found lenders that offer it. 

Hey @Daniel Loane!

It doesn’t matter if you owned it outright or had a loan for a $1,000,000.

I plan on still acting as the tenant for now; could a DSCR loan work in this situation, or does anyone have any recommendations.

The loan wasoriginated in 2021.The investors, Ridge Capital Investors, paid only $33m for the property in December 2019, less than 2 years before a $43m loan was extended against a $63m collateral.

The loan amount is $1.5M.Here is what I am trying to beat:-15 amortization (client would like 20 if possible)-rate is Pime minus .25-.50-.1 pt.

If you do be prepared to have a rate of 9.50% or higher which in most cases would be a higher payment than if you simply refinanced and lost the 2% rate.You may also have road blocks with a HELOC that a cash out refinance would not have due to cash in hand and one loan. 

-Type of deal/loan that would best help me to achieve my goals. 

The loan biz has followed this formula for decades and there is a good reason for it!

With an FHA loan I would easily be able to buy the land cash and have the down payment.