It's a less riskier trade for the JV investor than buying an NPN as they can begin receiving cashflow day one, and the LTV is still discounted enough to make a decent gain on the loan resale.  

Fico: 600+Loan Terms: 9 - 24 monthsLoan Amount: $75K to $2.5 MillionMax LTV/ARV: Lender typically finances 75% of the purchase price and 100% renovations (renovations are done in draws).

Now you're making cash flow every month and can use that cash to help fund the next deal as well.You're very close to completing a full BRRRR strategy and that is the best situation for you!

Is this the best way to use funds to appeal to more buyers, or leave it as is and offer credit.

They will issue you checks against that equity or just provide an account to transfer funds from.  

I also can't seem to fund my 401K enough because of normal daily expenses.

The lower the Loan to Value (LTV) the lower your risk is. 

If you are low on funds, hustle, save, or refinance.

Some of the language made it seem like I could lose any deposit made (sizable - one of the reasons I believe the seller wants to work with me) after the 15 day inspection period if I was unable to procure funding by 30 days.

Funding is coming just going to be late a day or three.Thanks everyone for all your advice.Alan