They have now learned that the home is in disrepair and needs major renovation to make it livable.

I'm currently stuck and do not have any way for traditional funding and my credit is to low for other methods

Rental Agreement + Option to Purchase AgreementRental Agreement: a typical lease agreement with the total amount of rentOption to Purchase Agreement: this includes all the terms of the Lease Option such as Final Purchase Price, NROC (see below for more details), and how much of the rent will be credited back as rent credits (I typically charge above market rents and use that extra amount as rent credits).I have the Tenant-Buyer sign both of these docs and pay me the Non-Refundable Option Consideration (NROC).

A bit risky, but it worked.Having said all the above, I did not have the complication of a mortgage on these properties because I used line of credit funding on my principle residence.  

(assuming your credit is decent)Before you start running, walk first.

The costs run 3-4 points + 8-12% interest only payments depending on your experience/credit/property.    

She had checked out good, job & credit wise, but had personal issues that you can't screen for.

My classes take up the majority of my morning and early afternoon, then of course I have to spend time outside of class studying.

I'm currently working with my Credit Union, but am open to other lending sources. 

There have been 3 major developments (easily 100+ units each) that have gone up over the last 2-3 years with more phases rolling out soon.