This seems like it may be the least intensive, and one of the more affordable options as you qualify for more optimal loans if the house serves as your primary residence 

Since as inventory of rental options decrease, the demand for those that effectively operate as AirBnB's should theoretically increase. 

Should we consider different financing options?

Is NC one of the states that has non refundable option money?

With a viable deal, lenders can send it to their network of buyers, providing financing options attached to the offer.

Even if you use alternative financing options that don’t require you to have an income most still require 10-20% down payment.

Any other option except Open phone?

Happy to help with some creative strategies and chat through some options!

@Daniel King as long as you give tenants payment options, they can "pick their poison".Most free software for owners, make their money by charging tenants.We've designed our charges to encourage online payments and discourage mailed payments.FYI: not sure you can legally NOT accept cash, but you CAN require them to only deposit into your bank account instead of giving it to you.

Quote from @Michael Nelson: I have a few deals coming down the pipeline and want to free up as much capital as possible.senario property appraised value 430,000amount still owed 220,000 Hi Michael, You have so many options in this scenario, especially locally in CT.