Get into the property with cash and refinance on the back end with a commercial loan that doesn't require a 12-18 month seasoning period.

I utilized (and maxed out) my credit cards to afford the materials necessary to renovate the apartments (I know bad move) therefore I cannot acquire a loan of any sort to fund the initial funds necessary to acquire a hard money or DSCR or rehab loan.

The loan insurance company seems legit.

Property Purchase : $4.0M 1031 Exchange Money: $1.05MHe has loan approval at 25% down for the commercial property and he will be pretty close to being completely wiped out with attorney fees and other allowed 1031 expenses. 

It is using my money to fund someone else's loan request through this hard money lending firm. 

It's also extremely hard to win with an FHA loan to house hack in NJ because of the competition and the repair issues that won't pass FHA.

The other bedroom has two openings that make it a bit awkward as well.Options I am thinking of1) Thick curtains/drapes: easiest to install, provides some privacy.

Does anyone have a suggestion as to how I should proceed/ how much time I should give them to “apply” before I provide them with a new lease to sign?

I have lots of questions before I can give my $.02.1-Who provided the comps?

You will definitely need too look into an FHA 203k loan if you are going to owner occupy it.