If there is ways you can add value through cosmetic work AND negotiate a price to but you in a good position with a fair amount of equity to begin with my opinion would be find another partner to front the remaining amount needed to put the down payment on a HML until property seasoned and then refinance into conventional through bank/credit union.

As far as a HELOC, that is a home equity line of credit, so this also comes down to equity.

Use asset-based funding, such as private lenders and commercial lenders - those who loan money based on the value of your properties, their profitability and your credit but not your income.C.

Longer notice and good photos are to credit for that.If we are doing a full remodel flooring,fixtures,paint,cabinets and appliances. 

They are saying your request is cancelled and you owe us $80.Now I'm concerned about the legality of the document and if I'm obligated to pay more than the deposit in this condition when I eventually agreed to move in on the decided move in date.I'm ok paying them to avoid the situation of them reporting me to any Credit bureaus for $80 but I'm curious about the legality of the document.

@ Kevin Robertson- There are some options for 20% down if the location isn't too rural and credit is strong.

Has anyone used 'Sprout' for lines of credit?

Credit.

That is, is their credit good enough and do they have income?

But if you have good credit and the property cashflows well and you're willing to put in some down payment, you can get a better loan.