I guess it comes down to either finding a financial partner or coming up with enough for the remaining balance of what I cannot get financing for.

REALTOR will remain objective3.

When that debt is gone, the income will remain.

As for FHA, it is a little more stringent towards safety related issues and you must also pass something called self sufficiency (75% of the rents must cover the PITI payment) to be able to satisfy the lender to give you the loan.BUT If you can get properties to pass these criteria (most certainly can be done), it is an extremely lucrative and low cost way to get into your first property.

We purchased the last remaining heirs interest in each of the three lots on his birthday and were able to make the property marketable for sale.We took these properties no one could solve, and solved the problems for the family and ended up getting three great properties back on the market for a developer to scrape the homes and build duplexes on each lot.

If you do deny them, be sure to send an Adverse Action Notice to remain compliant with the FCRA.

Perhaps someone else would be willing to loan you the remaining funds in 2nd position against the property.  

The remaining items @ this time will only be interior upgrades, as such any homeowner does in due time.Regards,Tony

Can't assign or transfer contract, so plan on selling the LLC, that way purchase contract will remain the same.

I spoke with a banker and he tells me I have to come up with 30% down which is 810,000 and bank will construction finance the rest and once the tenant leases they will refinance only the remaining 70%.