You can't qualify at the bank and you can't get private money and live in the home, because regulations are keeping HMLs away from lending to owner occupants.  

You would have to purchase the home with hard or private money at high interest with a short term.

Well, for now, you'd do well to learn about self-directed retirement accounts and how to attract private lenders - anyone who wants a better return on their retirement funds than the negative growth Wall Street has been providing of recent, and they want it with less risk.For the longer term, learn about building credit inside a business entity.

Please send me a private note to connect.

You can always get private money lending for one of the loans or down payment.  

Private message me if you are interested. 

I'm looking to flip my first home this year in the western Massachusetts area and wondering if anyone here on BP has used rehabfinancial.com as a source for private/hard money lending?

When I inquired about the loan (because of the books I read), the theme of the conversation from him seemed to be "trust me I've looked for the best option for you.I had a separate conversation with another private Realtor who owns his own company.

We close on March 1, we have private financing, and we submitted our LLC paperwork today(we weren't sure if we were going to create one until meeting with a CPA yesterday).

The loan looks like a private money loan as those loan terms are not conventional.