So I'm looking for advice from creative minds.....It's a property that has been run as a Bed and Breakfast for years. 

Be prepared but don’t be scared.  

For new investors, these things come up and you need to be prepared for it with reserves. 

Any creative financing ideas that would help alleviate the immediate cash need? 

I definitely don't want to wait 2 years before purchasing, so I'm looking for some alternatives.Does anyone know creative ways to get around this requirement and get a mortgage?

It just may require a little persistence and creativity to find

As long as landlords continue to operate out of fear we will never have answers.Document every thing, all conversations, and, as Greg suggests, be prepared for them to play the "emotion" card.

Private Money    Be creative is the goal.

We have enough equity between 3 properties (one listed) to put 50% down in theory, but they review offers in a week and it will 100% sell.Are there any creative loan options to tap into equity and future sales to make this happen?

They don’t have the money to do the short plat process but would like to find a developer who is interested in this creative scenario where in the end they have a smaller lakefront house and $1million.