In your shoes, I would begin working on getting my credit into the 660+ range and also seeking investor partners who have solid credit, and a solid track record.  

It has a good roof, updated electrical and dated ~1960 interior.My original intent was to use the 2 car garage for storage, but the condition is so good that I might rehab it into a rental and just reserve 1 garage bay for myself.

Laundry, vending, rentable storage room complete. 3 more units coming on line any day with two being 2 bd.

I too was in your shoes ready to learn anything and everything when I first discovered biggerpockets.

That's definitely what I'd do in your shoes, assuming you're legally able to do that.

Sung to the tune of "Killing Me Softly"Pushing the turds with my broomstick,Spilling the bleach on my pants,Throwing my shoes in the garbage,But they're paying my mortgage, my mortgage,Paying the whole thing, my mortgage, 'till it's gone...It's been a short 12 hours,Since I sat at the bar,Explaining to my friends howMy rentals will take me far,A distant memory as theClock rounds 12 and I'm still singing,Pushing the turds with my broomstick,Spilling the bleach on my pants,Throwing my shoes in the garbage,But they're paying my mortgage, my mortgage,Paying the whole thing, my mortgage, 'till it's gone...It's true, the first of each month,I'm cashing checks at the bank,It's true, from time to time thatThe money's gonna stank.I'd say this night is reallyPutting the "a**" in passive income,Pushing the turds with my broomstick,Spilling the bleach on my pants,Throwing my shoes in the garbage,But they're paying my mortgage, my mortgage,Paying the whole thing, my mortgage, 'till it's gone...

Large 4th bedroom, w/ flexibility to be a workout or play room or a private separate bedroom. 3 of 4 bedrooms have custom closets w/ sliding frosted glass doors & easy gliding storage trays.

There was a large storage are in the back of the house that we converted to the full laundry room with a access right from the kitchen and full master bathroom with walking shower and double vanity.

Also a small possibilities the first lien holder would allow you to step into the borrowers shoes and make loan payments.All this is probably an academic exercise because if a property with an uncompleted rehab has a second lien in place of the required equity, there would be no equity for the second lien holder to worry about. 99% chance with a second in this type situation there is no equity above the first until rehab is complete, despite what the flipper wants you to believe.

My guess is you would have the same issue.One option is to put the furniture in storage and long term rent it.