I'm currently exploring loan options that would fund both the purchase and rehab costs.

We are looking at all options and any suggestions.

Out of curiosity, how do you all begin looking for a professional in a sea of options?

Keeping both residents (and collecting late fees) is an acceptable option as well.

@Sean PetrieYes it’s a bad time unless you find some stellar off market dealThe other option is if you are looking to hold something for 7+ years then usually never a bad time to buy

I think a lot of people get stuck on the 203K, but there are options for renovation loans that are Conventional, VA, and USDA in addition to the FHA 203K and real estate investor loans (ground-up construction, flip, and DSCR).

I am hoping to meet with someone in my area later this week and discuss all options that may be available to us in our local area for now, in regards to our current situation, financing options, and properties in the area. 

What other options do I have to sell it separately?  

Review your docs to see exactly what the Lender's execution options are. 

Consider beginning with a Regus office to manage initial costs, and as your business expands, explore other office space options.