I don't like it either, but there is no good alternative.  

@Anthony Robinson you absolutely need to do a bit more due diligence and find some alternative options (try and find at least 2-3 total options), especially if you are going to spend close to $100k.

Potential alternative to hard money. 

Alternatively, the lot seems to be worth about $15K, and he's only asking $10K.

@Jon SchwartzPeople probably said the same thing about the alternative minimum tac (AMT).

Although a number of people are concerned that SOFR will be more volatile, there will be other indexes that certain banks and institutions use as an alternative index option.Most loan docs over the last 3-5yrs had verbiage related to the potential change, and they gave guidance on what indexes would likely be used, the calculations for the new index, etc.

Does anyone have any alternative solutions or loop hole to having 75% of gross rents be above PITI?

Just an alternative perspective to think about as you go down the path of picking a market.

Alternatively, for a real estate investment, you may be able to get someone to go on the loan with you. 

I have wholesaled 5 properties in the past, I've 9 years experienced customer service management, So... my question is I want to acquire a 4 / 3 unit occupy one rent out the others but for some reason ALL landlords I'm coming accross DO NOT WANT an FHA loan because they are a "pain in the you know what" as far as inspections for the seller.So what would be my best alternative...#1) Bring a money partner to help me quialify for a conventional loan?