I'm no expert on borrowing, but maybe look into a different product like Fannie Home Ready or conventional with 2% more down.I became a seller-financing master because of what you're facing.

But if you had the developer all ready to buy it sounds like you just missed the deal, and that there will be more. 

My husband and I are new to the BP and new to the real estate industry. We are both in the service industry, owning our busisnesses (hairstylist and tattoo artist), and are making decent money. We are excited to inves...

First, I would really like to step back away from having a lot of time consumed maintaining my home and divert it to learning and be actively investing in real estate.

But you need to know Basic RE valuation, your market, repair costs, and have a list of buyers (often investors) who are willing, ready and able to close. 

I am ready in my heart to invest, but my head hasn't caught up. 

When you reflect on this issue, investors can invest with a large number of Real Estate Investment Firms that set up “shell company” Special Purpose Entity [SPE] LLCs, that tell the investor their money is at full risk and they can lose all, and if they invest in that set up and the project fails the investor has absolutely no recourse, no coverage from any other company of the sponsor and has lost all.Doesn’t it make a lot more sense to go with a Realty Sponsor who puts the full faith and credit of their firm and its 13 year history behind the separate project with a corporate guarantee showing they believe in the project, showing that they back the project, and stand ready to guarantee the project with their monies in the event of a bad result?

I am ready to work hard towards that lofty but reachable, holy grail of Newbiedom, My First Deal!

Repair plumbing leak From upstairs bath (note living room ceiling) ELECTRICAL Remove paint from outlets where needed Add missing light bulbs Repair / replace GFCI in kitchen HVAC Add missing HVAC registers INTERIOR Caulk around all tub and shower trim Add missing door hardware Then to get it ready for a tenant...

It sounds like you need to have a GC lined up so he can tell you the details about the time frame for when HE can get the house done and ready.