____________________________________Let’s keep it simple in NC,buy on a wrap or sub 2 and own it, then do a lease and ROFR, get the renter qualified for a mortgageHave your lawyer study the statute @Chris Martin quotesSee if entering into a lease option then assigning i if possible.If you are licensed and have full disclosure to buyers and sellers, that’s what this business is all about.One of my colleagues , a real estate lawyer, created a lease and contract for option to purchase, you pay the lease then get the option when the lease has completed.There can be a lease and delayed sale and purchase with a down payment of say 3 percent could be financed over 24 months, this buyer is a financed sale and needs a RMLO to underwrite the buyer.Your seller financing team should be your real estate contract lawyer and your RMLO.

Welcome to BP.Go to local / community bank and ask for a commercial loan and if you qualify, you will get one.

There may be appreciation in a year, but there could also be a decline.Make sure in advance you'll qualify for another mortgage, as you mentioned you already have one property.Good luck!

If you qualify for a traditional loan I would go for it!

Qualified buyer.

You can refinance after just 6 moths.FHA also has a commercial product for 5+ units, but its much harder to qualify for due to a lot of different criteria. 

Amanda JacobellisHave you been pre-qualified for a mortgage?

I looked into getting pre-qualified for a loan, but my W-2 and our business doesn't show enough income to make lenders feel comfortable.

What is your reasoning for not qualifying for a mortgage? 

Have you been pre-qualified?