There are numerous work around, most require committing fraud when you sign closing docs stating source of funds, no additional loans, etc.

There are numerous resources online to find templates, ideas, things to add, and how to delivery them to your tenant.

There are numerous resources online to find templates, ideas, things to add, and how to delivery them to your tenant.

On the other hand, doing nothing meant taking a big chance on the integrity of an existing roof covering—a roof covering that had already exceeded its statistical life cycle in sustaining numerous repairs along the way—to make it through the Winter ahead and protect inventory inside the building against water damage due to a roof leak.

Cons = Some people may be reluctant to use due to the cost (as evidenced by the numerous posts on BP that really should be directed to attorneys or CPA's yet get posted on a public forum instead). 

If I could do it all over again, I would hustle my A$$ off and live like a monk to build up a small war chest. 

Here are some thoughts:Rent minus PITI is a long ways from actual projected cash flow as there are numerous other expenses.The fact that you meet the primary residence qualification to avoid taxes on gains must weigh into any decision.Retail SFR in San Diego do not cash flow at purchase. 

Going over the numerous posts on BP will certainly help to find both sides: the investors and the sponsors in order to start networking as @Mike Dymski advised.

Do not let the "National Civil War Museum" fool you.

I know this subject has been discussed numerous times and yet it still seems to be a "burning" question for many newbies (I am one of them).