The alternative option is to request for a full review, which can take several months, and is not guaranteed to be successfully approved.

That home eventually sold in 4 days $15k over asking for double our initial cost & they didn't mind the neutral carpet.If the tenants have pets it's definitely NOT a good alternative BUT we've also seen some nice hardwood flooring completely destroyed by cats/dogs. 

My alternative option is to request for a full review, which can take several months, and is not guaranteed to be successfully approved.

Hi William,As an alternative to traditional lending, have you looked into asset-based loans?

The HCOL here is unbelievable so I will definitely be doing more research to find a better deal here.

Is the BP community aware of good alternative long-term financing options for my situation? 

I like the idea of doing a short extension on a month-to-month basis for another 2-3 months and then increasing the rent so she has some motivation to find alternative arrangements.

It will never be an apples to apples comparison to a conventional loan but it will often times be the best alternative if you've reached your conventional limits whether that be because of # of properties, DTI, entity structure, or a myriad of other reasons. 

Alternatively if you own multiple House Hacks (renting per room), what does your setup look like? 

Your broker might not be happy that you are choosing an alternative route, but at the cost savings of your current volume and the state of the South Jersey market it could be worth putting up on Zillow as a FSBO for a week long period and if it doesn't work out, list it.Best of luck.