HELOC will be harder on non-primary residence and a commercial loan would work but crush your profitability for no real gain. call a bundle of lenders until you have some options.

We hope it will appeal to nature lovers, those who need a writer's retreat, or possibly those who are in town for treatment at Houston's medical center.  

A private lender can be any non-traditional lender.

I don’t have a credit score, as I am from Europe and so no fico score. I do invest in US, I have 2 investment properties, cash deals in an LLC. They are cash flowing great:Asset 1 doing 775$Asset 2 doing 1150$Now I wo...

Bottom line though for a buy and hold investor Property tax's are an important component and all things being equal if your in non appreciating states. .Like Texas basically has been for ever and a day ( except Austin ) and the little bit of run up they have had..

Dodd-Frank has convinced most private (non-bank) lenders to cease this practice.

Blackstone also acquired a majority stake in a non-bank mortgage lending company this year called Stearns Holdings.

I have been doing that on a SFH I purchased with the original intent to make it into student housing for a medical school nearby. 

Have they given you a non-refundable deposit?  

Summarized, LEGALLY, THERE EXISTS NO OPTION FOR NON-PAYMENT OF RENT.