However, this comes with the caveat that you and your husband are prepared to cover any potential increases in mortgage payments after the renewal, especially if the new rate is significantly higher than the current 3.5%, which I ignore since I am not versed in the mortgage system in Canada (although it does sound a bit like an adjustable rate mortgage from what you described).Before making a decision, I recommend speaking with a financial advisor or a mortgage broker to explore your refinancing options and get a sense of what rates you might be looking at come June.

Part of it is financial returns on his $ (though that's not giant). 

I was considering doing an FHA loan as I could live in it for a year.

DSCR loans also won't report to your credit as a tradeline. 

I am wondering the best loan process of purchasing off market properties not using a conventional bank.

Similarly, if the property has experienced depreciation due to age or wear and tear, provide evidence of this deterioration.Income and Expense Analysis: Prepare a detailed income and expense analysis to demonstrate the property's financial performance.

If so, you can use a DSCR cash out loan no problem 

The lender we were originally working with said he no longer works for the bank who was giving us the loan.

Also would come with the stress of a loan, and debt servicing.

I can use a VA loan to purchase a house here, then use my wife's VA loan to purchase a house in another market a year later if not DTI-restricted.