There are quite a few posts from other users here on BP about situations like that. 

What would be some options for us in this situation as well?

I have not taken the Realtor route yet because they take what is equal to first month rent for their fee and if I only have the renters in there for a month then I make nothing, however if you could work something out with your RE agent -take a smaller percentage- that would be ideal for your situation. 

This is the first time I have ran into this type of situation but granite.

This has been a tough search due to our financial situation with my student loan burden and relatively low resident salary.

I can't even imagine being in a situation that these people are facing...

Here is the situation: When I originally hired him I inform him that I want to enlarge the room, to make it a 3 beds home.

People are under a lot of stress at this time so please give them a small break.Are you open to working with an accountant outside of MA?

But, it doesn’t apply to my situation and risk tolerance.Did you ever find a reasonable loan program?

It is a good thing that you are still employed, I think.If your are stressing the importance of long term investing  I would probably recommend the same thing because of the current economy would mostly make a Fix and Flip or a Quick Flip scenario and not get a loan to do any repairs if you feel like you would still make a profit.