Do you need hard money or a conventional loan?

I believe I have two options.Property Info:Purchase Price: $365,000Current Loan: $329,000Interest Rate: 5.7%Mortgage:$1900PMI:$130Insurance:$157Taxes: $320Current Rent Left: $1200 (Market $1400)Current Rent Right: Owner Occupy (Market $1800)1.

I have an opportunity to take over mortgage payments from a seller for their remaining mortgage where I would be on title, but not the loan.

This makes it to where I will not qualify for a traditional loan.

CR had put significant $$ into renovations so these row houses were really like all new - roof, appliances, gutted throughout etc. it was understood that many of the rentals would be Section 8 which is a good secure investment.

I want to be sure to be able to secure it with the real estate.

HELOC loan.

So I’m thinking a home equity loan to build a very nice small rental?  

Hello I hear their are unsecured loans I can acquire via my income history I believe they give you an income of 20% of the loan now can I pay into the debt replacing pre existing gray space the remaining 80% or will it remain outside as a new amount, hopefully that's understandable.also if I earn $30,000  annually what amount do they let me receive, thanks appreciate entirely.

I have secured financing through a local bank and looking to grab a fixer upper rental SFH.