hard money lender?

Flip or BRRR using hard money seems like solid options.

Explore traditional loans, hard money lenders and private investors to understand your financing options.

Remember, there is always an option.You can find another EMD lender and replace his money with the new lenders money for example. 

We need enough money for one of the owners to purchase another home or negotiate he stay living there. 

Self-Management:Pros: Saves money, offers control, and builds tenant relationships.Cons: Time-consuming, stressful, and needs expertise.Hiring a Property Manager:Pros: Saves time, provides professional expertise, and market insights.Cons: Costs money, less control, and finding a good manager can be tough.What about you?

Being a first time home buyer as well as having the home be owner occupant I was able to only put 5% down through money I had saved throughout high school. 

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.

Private Money: Does anyone have connections or suggestions for private money lenders who might be willing to finance the $200k?

@Michael Plaks yes, it was July end and not June (thanks for correcting that) but I guess you are in high demand to stop accepting by June anyways.I did pay a bigger amount when I extended the filing date, so I don’t think I owe money to the IRS.