If you decide not to do a DSCR loan, the second home loan is a popular option, but there are lots of drawbacks for investors as it is really a product made for regular home buyers.

@Roger D Jones curious, do you charge for any of those options/services?

There are many other great neighborhoods in Columbus that would also be good investment options.

Our tenants have been in the house the past 3 years; they're good tenants and people, and we want to do right by them while also meeting our own needs at this time.My first option is to approach the tenants and see if any of them want to purchase the property; that would probably be the smoothest exit for us.  

What factors would make such an option more attractive?

What are some options regarding structuring this deal and the steps I need to follow?

In a wholesale transaction the seller is in some kind of financial trouble which the wholesaler is helping to resolve.You have two options an assignment or a double closing:I haven't done an assignment myself so not sure completely of the process, but in a double closing there is already a contract with the seller and the wholesaler who is fixing the liens on the title, when that is resolved there is a closing date where the wholesaler execute the contract with the seller and you execute the contract with the wholesaler.In general the closing cost in these type of transactions are covered by the buyer which it could be around 3.5% and it does not include sales agent fees.There is one thing that I didn't understand, it seems that the hard money lender is in charge of the transaction.

This area is really in need of affordable housing, but with the large down payment requirement it rules out this option for many.

I find that these agreements spell out duties and responsibilities without relinquishing any security for the investor and they can spell out any number of options when things go wrong.

I guess the upside for option B is they they could get a little short term cash but then they resign they will be hit with a larger bill.