There are three options in my mind and you’ve mentioned two of them.1.

I'm a US citizen but currently living in Israel, and I'm in the process of purchasing a property in Columbus Ohio.My plan is to do some rehab and therefore I want to take a hard money loan which will cover 80% of the purchase price and 100% of the renovation.While talking to the title company, they said there was no problem with me signing with a remote notary.But, the problem is with the lender who requires a wet signutre, and has given me the following options:1.

The best option to go with and simplest .

Still exploring this option. 

Ultimately, they are an option to help lower income households afford a place to live. 

So establish some Then try to get a second meeting to go over all of their options.

Another option is to get an interest only loan, which reduces the payment amount and thus allows for more cashflow.

Menards is our closest option, just a couple miles away.

Just another exit option that you could offer him!

It's important to thoroughly research the auction process and potential financing options before diving into purchasing the 6 unit building.